Sraumur Investment Bank Requests Investigation Skip to content

Sraumur Investment Bank Requests Investigation

Icelandic investment bank Straumur has requested that the Central Bank and Financial Supervisory Authority (FME) investigate the bank’s currency trade due to accusations that illegal activity was involved in such trade at Straumur.

CEO of Straumur William Fall told Fréttabladid that these accusations, that the bank’s employees had tried to keep the exchange rate of the ISK low, are false, adding that the bank has submitted all data on its operations to the supervisory acencies.

“Our employees have been harassed because of these accusations,” said Georg Andersen, managing director of Straumur’s communications department, explaining that another motive may be that people hold a grudge against the bank’s majority owner, Björgóflur Thor Björgólfsson.

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