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From Iceland — Minister of Finance Bjarni Benediktsson Resigns

From Iceland — Minister of Finance Bjarni Benediktsson Resigns
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From Iceland — How Not To Sell A Bank

From Iceland — How Not To Sell A Bank
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No, Iceland did not misprice a privatization because of an Excel snafu

Most governments would have been delighted to do what Iceland managed with its sale of Íslandsbanki shares earlier this year. But an audit of the deal has triggered a war of words with the body responsible for it, as well as some very odd conclusions from an Excel spreadsheet.

United kingdomUnited kingdom national audit officeIceland national audit officeNational audit officeIcelandic state financial investments

Unrealistic to push for 122 ISK per share in the Íslandsbanki sale

Bjarni Benediktsson, the Minister of Finance and Economic Affairs, says that it would have been completely unrealistic to try to chase the price in the government’s subsequent offer of shares in Íslandsbanki to 122 ISK per share.

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Bungled Excel sheet hurts profits from Islandsbanki sale

An incorrectly formatted spreadsheet caused Iceland to price the sale of its Islandsbanki stake too cheaply earlier this year, an investigation by the National Audit Office has found.

Arnaldur halldorsson bloombergNational audit officeIcelandic state financial investmentsIslandsbanki corporate financeSecurities salesFinance ministryInternational bankingAudit software