What happened to kaupthing bank? It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic based operations were spun into a new bank New Kaupthing, which was subsequently renamed Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank.When did kaupthing go public? Under the leadership of Sigurður Einarsson, Kaupthing was listed on the Icelandic Stock Exchange in October 2000, at which point the original owners of the bank, the savings banks in Iceland, reduced their holdings, and inpiduals and institutional investors replaced them as shareholders.How much of kaupthings net earnings come from outside iceland? That year Kaupthing Bank had net earnings of €812 million, compared with €986 million in 2006. About 70% of the operating profit originated outside Iceland (33% in Iceland, 31% in the UK, 26% in Scandinavia, 8% in Luxembourg and 2% in other countries).What happened to kaupthing edge uk? 2008 The UK business of Kaupthing Edge, covering £2.5 billion in deposits and 160,000 customers, is taken over by ING Direct after the Financial Services Authority closed its London centre of operations. Kaupthing Edge was a pan-European retail deposit-taking brand.