Chief Executive of KSF to have Book Published

Mixed Feelings About KSF Book

The news of the publication of a book by the former chief executive of collapsed bank Kaupthing Singer and Friedlander has been met with mixed responses as depositors wait to be compensated.

Armann Thorvaldsson’s book How I lived Iceland’s Boom and Bust charts the rise and fall of the bank, which went from being a small-scale operation to a business worth 6 billion pounds.

There’s growing concern from the depositors that this is merely an opportunity to cash in on their misfortune.

The Island based bankers are still waiting for the 193 million pound to be released from government reserves so they can be compensated.