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Iceland

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RBS/Libor. If Iceland can prosecute bankers why can’t we?

If you’re shopped by your ex-wife for point switching on a speeding ticket you face prison; if you are in charge of a department responsible for one of the biggest financial scandals in history, you get a £700,000 pay off. Well, that’s what has happened to the Royal Bank of Scotland executive, John Hourican, who … Continue reading

Iceland freezes Kuwait burns

    Last week, Iceland said no. The country’s president, Ólafur Ragnar Grimsson , refused to ratify a bill to pay Britain and Holland the £3.6 bn cost of guaranteeing Icesave accounts after Landisbanki uk went bust in 2008. Faced with paying around £12,000 per head – about £40,000 per family – the Icelanders have decided that, … Continue reading

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