30-Mar-2016: Liquidators' Update, see Deloitte site

New Kaupthing and Islandsbanki recapitalisation announced

Further to the announcement of 20 July 2009 and following shareholder meetings of Islandsbanki and New Kaupthing today, the Government of Iceland is pleased to announce that it has committed to capitalise Islandsbanki and New Kaupthing on the basis of compensation agreements which are in the process of being finalised with the Resolution Committees of Glitnir and Kaupthing. . .

In relation to Landsbanki, the Government and the Resolution Committee of Old Landsbanki have agreed to seek a short extension from the FME in order to reach final agreement on capitalisation and compensation arrangements. Negotiations between the two parties continue in a satisfactory manner.  14-Aug-09.