[QODLink]
Europe

Iceland bank chiefs appear in court

Former executives are accused of manipulating share prices of bank that collapsed after failure of US housing market.

Last Modified: 24 Apr 2013 19:39
Email Article
Print Article
Share article
Send Feedback

The former president of what was once Iceland's biggest bank has appeared in court in Reykjavik to face fraud charges.

He and eight other executives are accused of manipulating the share price of Kaupthing, one of three Icelandic banks that collapsed after the failure of the US housing market.

Al Jazeera’s Tim Friend reports from Reykjavik.

56

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Friends of Steven Sotloff, allegedly the second journalist shown in Islamic State beheading video, call for his release.
Cut off from bulk of Tunisia's economic development, residents of rural towns are creating their own opportunities.
Craft breweries see rising sales, challenging large corporations for a bigger taste of Mexico's $20bn beer market.
Questions of colonialism after Malawi opts for English as medium of instruction in schools rather than local languages.
Frustration grows in Kiev as pledges to end corruption and abuse of power stagnate after Maidan Square protest.
join our mailing list