Armann Thorvaldsson, a former CEO at Iceland’s Kaupthing Bank in the UK, tells the story of how he witnessed the bank grow from a small brokerage house to a £6 billion international bank. As the bank expanded, Thorvaldsson represented the money behind such household names as Iceland, easyJet, and Karen Millen. He travelled from Reykjavik to London, to Monte Carlo, and partied on yachts with celebrities.
And then it all came crashing to a halt.
As the financial crisis engulfed the world, even the most frantic efforts to save the bank were fruitless. Iceland was slammed with anti-terrorist laws in a major diplomatic incident, and the country’s economy was in tatters.
Frozen Assets is a powerful story about big ambitions, big money and hubris.
Armann Thorvaldsson, a former CEO at Iceland’s Kaupthing Bank in the UK, tells the story of how he witnessed the bank grow from a small brokerage house to a £6 billion international bank. As the bank expanded, Thorvaldsson represented the money behind such household names as Iceland, easyJet, and Karen Millen. He travelled from Reykjavik to London, to Monte Carlo, and partied on yachts with celebrities.
And then it all came crashing to a halt.
As the financial crisis engulfed the world, even the most frantic efforts to save the bank were fruitless. Iceland was slammed with anti-terrorist laws in a major diplomatic incident, and the country’s economy was in tatters.
Frozen Assets is a powerful story about big ambitions, big money and hubris.
Frozen Assets: How I Lived Iceland's Boom and Bust
276
Frozen Assets: How I Lived Iceland's Boom and Bust
276
Product Details
| ISBN-13: | 9780470661901 |
|---|---|
| Publisher: | Wiley |
| Publication date: | 01/19/2011 |
| Sold by: | JOHN WILEY & SONS |
| Format: | eBook |
| Pages: | 276 |
| File size: | 359 KB |