Bankers jailed, sued as Iceland seeks culprits for crisis

May 13, 2010 by legitgov

Bankers jailed, sued as Iceland seeks culprits for crisis 12 May 2010 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. Since Iceland's three largest banks -- Kaupthing, Landsbanki and Glitnir -- collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.