Frozen Assets

Beschreibung

Iceland truly lived the boom and bust. Once a tiny country on theedge of Europe, in less than two decades it became a globalfinancial powerhouse. This is the story of how one man, one bank and one countryexperienced and affected the course of world economic history.Armann Thorvaldsson, a former CEO at Kaupthing in the UK, tells thestory of how his company was transformed into a £6 billioninternational bank, by far the largest in his country'shistory. Helping to build the biggest names in Icelandic business,Thorvaldsson represented the money behind such household names aseasyJet, Matalan, Iceland and Karen Millen. As the boom got bigger,the Icelandic bankers worked and played hard with theirinternational clients, including Gordon Ramsay, the Candy brothers,Mike Ashley and Robert Tchenguiz. Moving from Reykjavik to London,Monte Carlo and St Tropez, they seemed unstoppable. Yet, when the bust came, even the most frantic attempts to savethe bank were fruitless, leading to the total collapse of theIcelandic economy. Thorvaldsson's reflections on exactly whathappened and why, make compelling reading.

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Armann Thorvaldsson

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Business & Management Island Wirtschaft Wirtschaft u. Management Wirtschaftskrise

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