Iceland bank chiefs appear in court | News | Al Jazeera

Iceland bank chiefs appear in court

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

    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.

    SOURCE: Al Jazeera


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