Frozen Assets How I Lived Iceland s Boom and Bust
by on 2013-07-02 22:44:53, Revised
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Frozen Assets How I Lived Iceland s Boom and Bust Iceland truly lived the boom and bust Once a tiny country on the edge of Europe in less than two decades it became a global financial powerhouse This is the story of how one man one bank and one country experienced and affected the course of world economic history Armann Thorvaldsson a former CEO at Kaupthing in the UK tells the story of how his company was transformed into a 163 6 billion international bank by far the largest in his country 8217 s history 160 Helping to build the biggest names in Icelandic business Thorvaldsson represented the money behind such household names as easyJet Matalan Iceland and Karen Millen As the boom got bigger the Icelandic bankers worked and played hard with their international 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 save the bank were fruitless leading to the total collapse of the Icelandic economy Thorvaldsson 8217 s reflections on exactly what happened and why make compelling reading
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