Kaupthing's Resolution Committee meets with creditors
12. November 2008 15:51 ET | Kaupthing Bank
Kaupthing Bank's Resolution Committee met today for the first time with representatives of large creditors of the bank (Informal Creditors' Committee). The meeting was constructive and it...
To whom it may concern
28. Oktober 2008 13:47 ET | Kaupthing Bank
On 9 October 2008, the Icelandic Financial Supervisory Authority ("FME") appointed a Resolution Committee of Kaupthing Bank hf. (the"Bank"), in accordance with article 5 of legislative act 125/2008...
Icelandic FSA takes over Kaupthing's operations
09. Oktober 2008 11:07 ET | Kaupthing Bank
Kaupthing Bank announces that the Icelandic Financial Supervisory (IFSA) has decided to take on the powers of Kaupthing Bank's shareholders' meetings. Furthermore, the board of directors has resigned....
Kaupthing Bank turns to the Icelandic FSA
09. Oktober 2008 02:30 ET | Kaupthing Bank
Statement from Sigurdur Einarsson, Executive Chairman of Kaupthing Bank:"When the board of directors reviewed the position of the bank at a meeting on 25 and 26 September, the bank was performing well...
Moody's downgrades credit ratings
08. Oktober 2008 20:02 ET | Kaupthing Bank
Moody's Investors Service has today announced that it has downgraded Kaupthing Bank's credit ratings. The Bank's long-term rating is downgraded from A1 to Baa3, the Bank's financial strength...
Fitch downgrades Kaupthing Bank's credit rating
08. Oktober 2008 19:13 ET | Kaupthing Bank
Fitch Ratings has today downgraded Kaupthing Bank's credit ratings. The Bank's Long-term Issuer Default rating (IDR) is downgraded from BBB to CCC and the Bank's short-term IDR is downgraded from F3...
Talks on participation in the reorganization of Glitnir Bank
08. Oktober 2008 02:30 ET | Kaupthing Bank
Kaupthing Bank hf. has, after consulting the Icelandic authorities, discussed with the Icelandic Financial Supervisory Authority Kaupthing's involvement in the reorganization of Glitnir Bank...
Kaupthing Bank: No indication of government intervention
07. Oktober 2008 04:31 ET | Kaupthing Bank
Following the extraordinary legal measures taken by the government last night, allowing the Icelandic Financial Supervisory Authority (FME ) to invervene in the operations of Icelandic...
Moody's places Kaupthing covered bonds rating on review for possible downgrade
02. Oktober 2008 05:43 ET | Kaupthing Bank
Moody's Investors Service has placed Kaupthing's Aaa rated covered bonds on review for possible downgrade. The rating action follows Moody's decisions to review for possible downgrade Kaupthing's...
Moody's places Kaupthing Bank on review for possible downgrade
30. September 2008 14:36 ET | Kaupthing Bank
Moody's Investors Service has today placed the credit ratings of Kaupthing Bank hf. ("Kaupthing") on review for possible downgrade. The Bank's long-term rating of A1 and financial strength...