Financial Times FT.com

Icelandic economy

Report on Icelandic bank fuels fury

By Andrew Ward in Stockholm

Published: August 6 2009 22:26 | Last updated: August 6 2009 22:26

Icelandic authorities are facing pressure to step up their investigation into possible wrongdoing before the country’s banking system collapsed last year, as fresh revelations emerge about questionable lending practices that helped spawn the crisis.

Public anger has been simmering for months as Iceland conducts a postmortem on its failed banks and seeks to apportion blame for a crisis that turned one of the world’s richest nations into an economic basket case.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this