The Icelandic government’s sale of 22.5% of Íslandsbanki bank in a private stock offering last March has resulted in allegations of corruption, investigations by two state institutions, weekly public protests, and calls for Finance Minister Bjarni Benediktsson to resign. What went wrong?BackgroundAfter the 2008 banking collapse, a restructuring of Iceland’s financial system took place. From […]
In Focus: Íslandsbanki Private Stock Offering
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