SFO to investigate possible criminal intentions in Iceland's collapsed banks

The Serious Fraud Office is sending a team of investigators to Iceland to help "get to the bottom" of whether there were any criminal intentions in the country's collapsed banks, which had extensive links with London.

It follows meetings in London between Richard Alderman, director of the Serious Fraud Office, and Olafur Hauksson, Iceland's special prosecutor, about events leading to the failure of Kaupthing, Landsbanki and Glitnir.