Frozen Assets: How I Lived Iceland's Boom and Bust by Armann Thorvaldsson

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Published 12 Feb 2010
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This is the story of how one man, one bank and one country experienced world economic history.
 
Armann Tho...
This is the story of how one man, one bank and one country experienced world economic history.
 
Armann Thorvaldsson, a former CEO at Icelands Kaupthing Bank in the UK, tells the story of how he witnessed the bank grow from a small brokerage house to a £6 billion international bank. As the bank expanded, Thorvaldsson represented the money behind such household names as Iceland, easyJet, and Karen Millen. He travelled from Reykjavik to London, to Monte Carlo, and partied on yachts with celebrities. 

And then it all came crashing to a halt. As the financial crisis engulfed the world, even the most frantic efforts to save the bank were fruitless. Iceland was slammed with antiterrorist laws in a major diplomatic incident, and the countrys economy was in tatters.  

Frozen Assets is a powerful story about big ambitions, big money and hubris.
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