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Sigurður Einarsson (economist)
Sigurður Einarsson (born 19 September 1960) is an Icelandic economist, businessman, and one-time chairman of the failed bank Kaupþing, and has been called 'Iceland's most controversial banker'. He was among the so-called Icelandic 'raiding Vikings' (''útrásarvíkingar'') until the 2008–2011 Icelandic financial crisis, being paid an average of twelve million Icelandic Icelandic króna, krónur per month in 2007. In a statement which he issued on October 9, 2008, he attributed the collapse to Kaupþing to a 'chain of events which no-one foresaw or could have controlled' ('atburðarás[ar] sem enginn sá fyrir eða gat haft stjórn á'). The UK newspaper ''The Observer'' reported that Sigurður, together with other employees of Kaupþing, were suspected of criminal conduct, and in March 2013, he was indicted in Reykjavík 'with orchestrating five large-scale market manipulation conspiracies', in what was the largest prosecution related to the 2008 Icelandic financial crisis so fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaupþing
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic based operations were spun into a new bank ''New Kaupthing'', which was subsequently renamed Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. It was seventh largest bank in the Nordic countries in terms of market capitalization. The bank had employed over 3,300 people with 36 retail branches in Iceland. As of 31 December 2007, the bank had a total assets of €58.3 billio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |