15.12.2014 - 04:31 [ IceNews ]

Former Landsbanki boss jailed in Iceland

Iceland’s three top banks – Landsbanki, Kaupthing and Glitnir – all imploded in 2008 after gaining assets worth around 10 times the amount of the country’s economy. The ex-chief executives of the other two banks have already been jailed, whith Kaupthing’s former chief executive, Hreidar Mar Sigurdsson, receiving the longest sentence for financial fraud in the country’s history after being jailed for his role in the crisis.