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Landsbanki

Index Landsbanki

Landsbanki (literally "national bank"), also commonly known as Landsbankinn (literally "the national bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. [1]

72 relations: Alistair Darling, Althing, Amsterdam, Anti-terrorism, Crime and Security Act 2001, Asset-based lending, Association football, Úrvalsdeild karla (football), Bank, Bank of England, BBC News, Björgólfur Guðmundsson, Board of directors, Cabinet of Sigmundur Davíð Gunnlaugsson, Capital control, Central bank, Central Bank of Iceland, Chairman, Chancellor of the Exchequer, Chief executive officer, Commercial bank, De Nederlandsche Bank, Derivative (finance), Dublin, Edinburgh, EFTA Surveillance Authority v Iceland, Europe, Financial services, Financial Services Compensation Scheme, Financial Supervisory Authority (Iceland), Fixed income, Football Association of Iceland, Frankfurt, Geneva, Glitnir, Glitnir (bank), HM Treasury, Iceland, Iceland Stock Exchange, Icelandic króna, Icelandic parliamentary election, 2013, Icesave dispute, Industrialisation, Kaupthing Bank, Landsbanki, Landsbanki Freezing Order 2008, Landsbankinn, Liberalization, Limited liability company, London, Madrid, ..., Market (economics), Market capitalization, Marketing, Mergers and acquisitions, Milan, Monetary policy, Paris, Pound sterling, Private banking, Privately held company, Privatization, Receivership, Reykjavík, Savings and loan association, Sport, State-owned enterprise, Structured finance, Supreme Court of Iceland, The Guardian, Wealth management, Zürich, 2008–2011 Icelandic financial crisis. Expand index (22 more) »

Alistair Darling

Alistair Maclean Darling, Baron Darling of Roulanish, (born 28 November 1953) is a Labour Party politician who served as Chancellor of the Exchequer in the Labour Government from 2007-2010 and as a Member of Parliament (MP) from 1987 until he stepped down in 2015, most recently for Edinburgh South West.

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Althing

The Alþingi (parliament (Icelandic) and anglicised as Althingi or Althing) is the national parliament of Iceland.

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Amsterdam

Amsterdam is the capital and most populous municipality of the Netherlands.

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Anti-terrorism, Crime and Security Act 2001

The Anti-terrorism, Crime and Security Act 2001 is an Act of Parliament of the United Kingdom, formally introduced into Parliament on 19 November 2001, two months after the terrorist attacks in the United States on 11 September.

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Asset-based lending

Asset-based lending is any kind of lending secured by an asset.

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Association football

Association football, more commonly known as football or soccer, is a team sport played between two teams of eleven players with a spherical ball.

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Úrvalsdeild karla (football)

The Úrvalsdeild karla (Men's Select Division) is the highest football league in Iceland.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bank of England

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom of Great Britain and Northern Ireland and the model on which most modern central banks have been based.

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BBC News

BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs.

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Björgólfur Guðmundsson

Björgólfur Guðmundsson (born 2 January 1941 in Reykjavík, Iceland) was the chairman and former owner of West Ham United FC.

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Board of directors

A board of directors is a recognized group of people who jointly oversee the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency.

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Cabinet of Sigmundur Davíð Gunnlaugsson

The Cabinet of Sigmundur Davíð Gunnlaugsson in Iceland was formed 23 May 2013.

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Capital control

Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Central Bank of Iceland

The Central Bank of Iceland (Seðlabanki Íslands) is the central bank or reserve bank of Iceland.

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Chairman

The chairman (also chairperson, chairwoman or chair) is the highest officer of an organized group such as a board, a committee, or a deliberative assembly.

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Chancellor of the Exchequer

The Chancellor and Under-Treasurer of Her Majesty's Exchequer, commonly known as the Chancellor of the Exchequer, or simply the Chancellor, is a senior official within the Government of the United Kingdom and head of Her Majesty's Treasury.

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Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

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Commercial bank

A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

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De Nederlandsche Bank

De Nederlandsche Bank (DNB) is the central bank of the Netherlands.

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Derivative (finance)

In finance, a derivative is a contract that derives its value from the performance of an underlying entity.

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Dublin

Dublin is the capital of and largest city in Ireland.

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Edinburgh

Edinburgh (Dùn Èideann; Edinburgh) is the capital city of Scotland and one of its 32 council areas.

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EFTA Surveillance Authority v Iceland

EFTA Surveillance Authority v Iceland was a case brought before the EFTA Court by the European Free Trade Association Surveillance Authority against Iceland following the Icesave dispute.

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Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.

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Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

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Financial Services Compensation Scheme

The Financial Services Compensation Scheme (FSCS) is the UK’s statutory Deposit insurance and investors compensation scheme for customers of authorised financial services firms.

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Financial Supervisory Authority (Iceland)

The Financial Supervisory Authority (Fjármálaeftirlitið (FME)) is the single supervisory authority for the financial sector in Iceland.

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Fixed income

Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule.

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Football Association of Iceland

The Football Association of Iceland (Knattspyrnusamband Íslands, KSÍ) is the governing body of football in Iceland.

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Frankfurt

Frankfurt, officially the City of Frankfurt am Main ("Frankfurt on the Main"), is a metropolis and the largest city in the German state of Hesse and the fifth-largest city in Germany.

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Geneva

Geneva (Genève, Genèva, Genf, Ginevra, Genevra) is the second-most populous city in Switzerland (after Zürich) and the most populous city of the Romandy, the French-speaking part of Switzerland.

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Glitnir

Glitnir (glit, nitor, splendor, OHG. kliz, E. shining) is the hall of Forseti, the Norse god of law and justice, and the seat of justice amongst gods and men.

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Glitnir (bank)

Glitnir was an international Icelandic bank.

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HM Treasury

Her Majesty's Treasury (HM Treasury), sometimes referred to as the Exchequer, or more informally the Treasury, is the British government department responsible for developing and executing the government's public finance policy and economic policy.

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Iceland

Iceland is a Nordic island country in the North Atlantic, with a population of and an area of, making it the most sparsely populated country in Europe.

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Iceland Stock Exchange

The Iceland Stock Exchange (Kauphöll Íslands), operating under the name Nasdaq Iceland and also known as ICEX, was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the central bank.

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Icelandic króna

The króna (plural krónur) (sign: kr; code: ISK) is the currency of Iceland.

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Icelandic parliamentary election, 2013

An Icelandic parliamentary election was held on 27 April 2013.

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Icesave dispute

The Icesave dispute was a diplomatic dispute that began after the privately owned Icelandic bank Landsbanki was placed in receivership on 7 October 2008.

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Industrialisation

Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society, involving the extensive re-organisation of an economy for the purpose of manufacturing.

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Kaupthing Bank

Kaupthing Bank (Kaupþing banki) was a major international Icelandic bank, headquartered in Reykjavík, Iceland.

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Landsbanki

Landsbanki (literally "national bank"), also commonly known as Landsbankinn (literally "the national bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute.

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Landsbanki Freezing Order 2008

The Landsbanki Freezing Order 2008 (later amended) is an Order of HM Treasury to freeze the assets of Icelandic bank Landsbanki in the United Kingdom made under the Anti-terrorism, Crime and Security Act 2001, by virtue of the fact that the Treasury reasonably believed that "action to the detriment of the United Kingdom's economy (or part of it) has been or is likely to be taken by a person or persons." As required by the enabling Act, the Order was approved by both Houses of Parliament on 28 October 2008, which was 20 days after the Order had come into force.

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Landsbankinn

Landsbankinn (literally "the National bank"), originally NBI hf, is an Icelandic bank headquartered in Reykjavík.

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Liberalization

Liberalization (or liberalisation) is a general term for any process whereby a state lifts restrictions on some private individual activities.

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Limited liability company

A limited liability company (LLC) is the United States of America-specific form of a private limited company.

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London

London is the capital and most populous city of England and the United Kingdom.

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Madrid

Madrid is the capital of Spain and the largest municipality in both the Community of Madrid and Spain as a whole.

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Market capitalization

Market capitalization (market cap) is the market value of a publicly traded company's outstanding shares.

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Marketing

Marketing is the study and management of exchange relationships.

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Mergers and acquisitions

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.

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Milan

Milan (Milano; Milan) is a city in northern Italy, capital of Lombardy, and the second-most populous city in Italy after Rome, with the city proper having a population of 1,380,873 while its province-level municipality has a population of 3,235,000.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Paris

Paris is the capital and most populous city of France, with an area of and a population of 2,206,488.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Private banking

Private banking is banking, investment and other financial services provided by banks to high-net-worth individuals (HNWIs) with high levels of income or sizable assets.

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Privately held company

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.

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Privatization

Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors.

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Receivership

In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy.

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Reykjavík

Reykjavík is the capital and largest city of Iceland.

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Savings and loan association

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings, deposits, and making mortgage and other loans.

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Sport

Sport (British English) or sports (American English) includes all forms of competitive physical activity or games which, through casual or organised participation, aim to use, maintain or improve physical ability and skills while providing enjoyment to participants, and in some cases, entertainment for spectators.

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State-owned enterprise

A state-owned enterprise (SOE) is a business enterprise where the state has significant control through full, majority, or significant minority ownership.

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Structured finance

Structured finance is a sector of finance, specifically Financial law that manages leverage and risk.

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Supreme Court of Iceland

The Supreme Court of Iceland (lit. Highest Court of Iceland) is the final court of appeal in the judiciary of Iceland.

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The Guardian

The Guardian is a British daily newspaper.

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Wealth management

Wealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services.

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Zürich

Zürich or Zurich is the largest city in Switzerland and the capital of the canton of Zürich.

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2008–2011 Icelandic financial crisis

The Icelandic financial crisis was a major economic and political event in Iceland that involved the default of all three of the country's major privately owned commercial banks in late 2008, following their difficulties in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.

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Redirects here:

Heritable Bank, LAIS, Landsbanki Canada, Landsbanki Islands, Landsbanki Íslands, Landsbanki Íslands hf, Landsbanki.is, National Bank of Iceland.

References

[1] https://en.wikipedia.org/wiki/Landsbanki

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