Kaupthing Bank
Law firm of the year: Stephenson Harwood
Law firm at the heart of bitter and complex fraud cases
SFO under pressure over Kaupthing investigation
Two arrested amid investigation into Kaupthing collapse say raids were a publicity stunt
Ex-Kaupthing chief executive arrested
Sigurdsson faces embezzlement charges
Kaupthing executive labelled fraud suspect
Ice storm
Iceland
Landsbanki bonds settled at 1.25% and 0.125%
In an auction to cash-settle credit default swaps (CDSs) tied to Icelandic bank Landsbanki, recovery rates on its senior and subordinated debt were set at 1.25% and 0.125% today, respectively.
Isda launches CDS protocols for Icelandic bank settlement
Daily news headlines
Lehman recovery rate set at 8.625%
A final value of 8.625% was set on the bonds of Lehman Brothers today, in an auction intended to cash-settle credit default swap (CDS) trades linked to the toppled dealer.
Kaupthing becomes latest Icelandic bank to default
The nationalisation of Iceland’s largest bank Kaupthing on Thursday constitutes a technical credit event, the International Swaps and Derivatives Association has confirmed.
Catching a cold
Liquidity Risk