One of the first places to be hit hard by the 2008 financial crisis was Iceland. The country's three main banks collapsed, ushering in hard times for the island nation, and sending monetary shockwaves across Europe.
The government is expected to file criminal charges today against two former traders at the investment bank Credit Suisse for allegedly misstating the value of mortgage bonds back in 2008.
Fred Goodwin led the Royal Bank of Scotland when it nearly collapsed during the financial crisis in 2008. The queen has now taken away his title of knight, leaving him in some less-than-honorable company.
Prosecutors are expected to file criminal charges against traders from Credit Suisse for inflating the value of mortgage bonds back in 2008. Why it has taken so long for these charges to be filed?
