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Iceland Banking System

Iceland Banking System

Discussion within this Thread is about the Banking System in Iceland.

In Iceland which are the most known banks available for business and personal transations?

Does Iceland have many popular Credit Unions and Loan systems in place?

System Banking Iceland

Iceland convicts bad bankers and says other nations can act:

Iceland's Supreme Court has upheld convictions of market manipulation for four former executives of the failed Kaupthing bank in a landmark case that the country's special prosecutor said showed it was possible to crack down on fraudulent bankers. Ref. Source 7

Iceland Banking System History & Civil Business Politics

Iceland looks at ending boom and bust with radical money plan:

Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank. Ref. Source 5

System Banking Iceland

Iceland does what the US won't: 26 top bankers sent to prison for role in financial crisis:

In stark contrast to the record low number of prosecutions of CEO's and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison. Ref. Source 9k

System Banking Iceland

How did Iceland clean up its banks?:

Unlike other Western economies, the Icelandic government let its three major banks - Kaupthing, Glitnir and Landsbankinn - fail and went after reckless bankers. Many senior executives have been jailed Ref. Source 1p.

Iceland Banking System

It will be really a miracle if the rest of the world decides to actually do something about corruption in the banking sector and handle it like how Iceland did.