Kaupthing Records Private Banking Pre-Tax Loss

The Icelandic bank Kaupthing has revealed a pre-tax loss at its asset management and private banking division. The ISK405 million ($6 million) loss arose, says the company, largely because of “impairment....

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By: Nick Parmee
November 1, 2006
The Icelandic bank Kaupthing has revealed a pre-tax loss at its asset management and private banking division. The ISK405 million ($6 million) loss arose, says the company, largely because of “impairment....