REYKJAVIK (Reuters) - Iceland's special prosecutor arrested the former chief executive of Glitnir Bank on Wednesday and questioned nearly two dozen people related to the collapse of the bank in 2008.Glitnir Bank was the first of Iceland's top three commercial ...

Sooner or later, it is going to dawn on the world's leaders - as clearly as it has come to dawn on most the people who elected them - that a choice...

Property magnates Robert and Vincent Tchenguiz were briefly detained Wednesday in London as part of an international probe into the collapse of Icelandic bank Kaupthing.The Iranian-born brothers -- once listed among Britain's richest men -- released a statement saying they were "co-operating ...

Failed Icelandic bank Kaupthing said Monday it would seek to recover 32 billion Icelandic kronur (197 million euros, 244 million dollars) from former executives who had taken loans to buy shares in the bank.Around 80 former employees, many of them former ...

No stone will be left unturned in a probe into the 2008 collapse of Iceland's major banks, anti-corruption investigator Eva Joly told Icelandic media."There is nothing we won't look into," the Norwegian-French magistrate, who once spearheaded a probe into ...

Iceland court lifts gag order after public outrage at efforts to hide losses of huge investorsA court in Iceland lifted a gag order Tuesday that allowed Kaupthing Bank to prevent media coverage of a leaked file that discloses details of the bank ...

Iceland unveiled a 1.5-billion-euro plan on Monday to recapitalise three major banks that it was forced to rescue when the financial crisis devastated its economy last year.The government will issue bonds to the three new lenders that were born from ...

EU approves Finnish guarantee for banks that helped customers of bankrupt KaupthingEuropean Union regulators on Wednesday cleared Finland's state guarantee for banks that compensated customers of the local branch of insolvent Icelandic bank Kaupthing.Finnish depositors were unable to make withdrawals ...

Iceland says state-run Kaupthing bank to sue UK for putting subsidiary into administrationIceland's state-run Kaupthing bank will sue the British government for its decision to force the bank's British subsidiary into a form of bankruptcy, the Icelandic Prime Minister's ...

Department store House of Fraser, part owned by troubled Icelandic retail investor Baugur, is insisting it is not short of funds and would consider buying Baugur's stake if the shares are put up for sale.The retail chain, which has 65 ...