Tag Archives | Bankers

Top Bank Executives In Iceland Jailed, Sued For Billions

jon-asgeir-johannesson2Yet another instance in which the United States could learn something from our Scandinavian brethren: In Iceland, bank executives who helped bring about the nation’s financial meltdown are being rounded up and jailed, issued international arrest warrants, and sued for billions of dollars. AFP reports:

More than a year and a half after Iceland’s major banks failed, all but sinking the country’s economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.

On Wednesday, the administrators of Glitnir’s liquidation announced they had filed a two-billion-dollar (1.6-billion-euro) lawsuit in a New York court against former large shareholders and executives for alleged fraud.

Four former Kaupthing executives, who all live in Luxembourg, have meanwhile been arrested in Iceland in the past week and Interpol has issued an international arrest warrant for that bank’s ex-chairman, Sigurdur Einarsson.

Former head of the bank’s domestic operations, Ingolfur Helgason, and former chief risk officer Steingrimur Karason were arrested late Monday on arrival from Luxembourg, just days after former Kaupthing boss Hreidar Mar Sigurdsson, along with Magnus Gudmunsson, who headed the bank’s unit in Luxembourg, were taken into custody.

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Oz Banker Caught Porn-Surfing on Live TV

It's about a minute into the clip on one of the background computers. That's definitely not a financial spreadsheet : ) Lester Haines writes on the Register:
An employee of Sydney's Macquarie Bank probably isn't in line for a fat payrise after he was caught on live TV closely analysing something a bit more scintillating than the Lucky Country's interest rates: According to net experts, at least one of the photos in question is Orlando Bloom's squeeze Miranda Kerr. The Victoria's Secret Angel is a local lass made good, and is rarely seen dressed in more than her underwear, which makes her the pin-up of choice among Sydney's hardened bankers.
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Banker Fight Club

Whoops, sounds like somebody broke the first two rules. Personally, I wouldn't mind taking a crack at some of these overpaid adrenaline junkies.Thanks Bloomberg. banker fight club
“We get a lot of finance guys,” said Max McGarr, the gym’s program director and a professional fighter. “It’s a good release from their job. If you lost hundreds of thousands of dollars, it’s good to come here and get it out.” “It’s a great stress reliever,” said Richard Byrne, chief executive officer of Deutsche Bank Securities, who practices jiu-jitsu and sparring at Renzo with Cholish and other professional fighters. “Talk about a great way to get aggression out, and it’s an unbelievable workout.” Cholish and his roommate, Erik Owings, also a professional fighter, converted the top level of their duplex apartment on the Upper East Side into a gym, where Byrne sometimes brings Wall Street colleagues to work out. “It’s the dungeon of pain,” said Brian Peganoff, an assistant vice president in corporate cash management at Deutsche Bank. Peganoff, 27, learned tae kwon do as a child and started boxing as a workout while attending Pennsylvania State University in University Park. He began jiu-jitsu about two years ago. “People on Wall Street are pretty competitive and I think that carries over,” Peganoff said. “That’s the ultimate competition, putting two people in a cage and seeing who is the better guy.”
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