Ex KSF boss could profit from crisis book

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The former chief executive of Kaupthing Singer & Friedlander (KSF) is set to profit from a book about his role in the failure of the Icelandic bank subsidiary.

Due to hit the shelves in October, Armann Thorvaldsson's book, How I Lived Iceland's Boom and Bust, promises to portray the glittering lifestyle of Iceland's top bankers before the bank collapsed last October, in a tale of excess and celebrity. "Frozen Assets is a powerful story about big ambitions, big money and hubris," the cover declares. While there is no indication the book will expose any secrets which contributed to the failure of KSF and KSFIOM, it is sure to enrage savers who have to rely on the return of their savings from the Isle of Man and UK governments. Early paymen...

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