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Tuesday, 16 June 2009 12:19 |
 The district court of Reykjavik renewed the authorization of moratorium of Straumur Burdaras investment bank till December 11th. Straumur was granted a moratorium in March and was valid till June 11th. Hordur Felix Hardarson supreme court lawyer is the assistant of the company in the moratorium.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Friday, 20 March 2009 09:38 |
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 The FSA has decided to put off the transfer of the accounts of Straumur-Burdaras investment bank to Islandsbanki because of technical problems. This will be a more complex procedure than expected.
The transfers of the accounts and the issuing of the debt and insurance documents shall not happen any later than Friday April 3rd 2009, as says at the website of the FSA.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Thursday, 19 March 2009 14:54 |
Straumur-Burdaras laid off 79 employees today, there of 38 in Iceland and 41 in Britain and Denmark. Straumur was granted a moratorium today till June 11th.
The 45 employees that were announced about this morning that would be laid off later this month are the 38 employees they laid off today, as well as a few employees in Britain but they are employees of the parent company and so under the regulations of announcement obligation to the directorate of labor.
Also they announced that 45 other employees of Straumur will be laid off this spring or summer.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Thursday, 19 March 2009 14:34 |
The district court of Reykjavik has granted Straumur-Burdaras investment bank hf. an authorization of a moratorium. The authorization is valid till June 11th 2009. Hordur Felix Hardarson supreme court lawyer has accepted the position of the assistant of the company in the moratorium.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Wednesday, 18 March 2009 05:30 |
Foreign claim owners of Straumur will take the bank over soon, or when the matters of the deposits are solved, according to the information of Morgunbladid. Following this will the liquidating committee of Straumur resign and the bank will be completely owned by the claim owners.
The FSA published last night a decision regarding the deposits that were in the headquarters of Straumur are to be transfered to Islandsbanki and Straumur will issue a special bond as a return for the deposits that were taken over and it is insured with a mortgage in all of the assets of Straumur. The total amount of deposits in Straumur are 70 billion krona. Islandsbanki will not take over the deposits that were made when bonds were changed into deposits. In the decision of the FSA says that "a considerable part" of t he deposits in Straumur were made this way.
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Tuesday, 17 March 2009 22:14 |
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 The FSA has decided the allocations the commitments of Straumur-Burdaras in Iceland because of the deposits in the headquarters of the bank here in Iceland. The deposits will be transfered to Islandsbanki hf. according to the position and gained interests on the takeover date with certain limitations specified in the decision.
All terms of the deposits in question about timing, interest benefits, currency and so forth will continue towards Islandsbanki hf. as says at the website of the FSA.
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Tuesday, 10 March 2009 15:11 |
 The subsidiary of Straumur in Finland, eQ Bank, will continue to operate despite the collapse of the parent company and the bank is now looking for new owners, according to a news article on the website of Helsingen Sanomat. eQ Bank is fully owned by eQ Corporation, which is again owned by Straumur-Burdaras.
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Monday, 09 March 2009 08:01 |
 The financial supervisory administration has taken over Straumur-Burdaras investment bank and dismissed the complete board of the company from their positions, and setting a liquidating committee over the bank which takes over all authorizations of the board of the company, taking effect today. That is why the bank is closed. This is what says in the announcement from the bank. |
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Monday, 09 March 2009 00:12 |
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 Landsvaki, operational company of stocks and investment funds of Landsbanki, wants to make a statement of that the overtaking of the FSA on Straumur-Burdaras investment bank will not have affect to lowered currency rates on any share or investment funds of the company other than the select shares of Landsbanki.
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