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Borgartún
Borgartún () is a street in Reykjavík, Iceland, that in years leading up to the country's economic crisis became the centre of the city's financial district. Three of Iceland's four largest banks have their headquarters in the area: Arion banki, Íslandsbanki and Straumur. A 19-story skyscraper, part of the Höfðatorg development, is located at Borgartún. As of 2012, the skyscraper is completed but the rest of the development remains unfinished. The location of the skyscraper has been controversial because it is located opposite a low-density residential street. Also located in Borgartún is Höfði, a house built in 1909. Initially, it was the house of the French consul in Iceland. It was the place of the Iceland Summit when Ronald Reagan and Mikhail Gorbachev met there in 1986. It is now mainly used for ceremonies for the Reykjavík City municipality. The western end of Borgartún houses a complex of buildings where the offices of many departments of the Reykjavík city ...
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Reykjavík
Reykjavík ( ; ) is the capital and largest city of Iceland. It is located in southwestern Iceland, on the southern shore of Faxaflói bay. Its latitude is 64°08' N, making it the world's northernmost capital of a sovereign state. With a population of around 131,136 (and 233,034 in the Capital Region), it is the centre of Iceland's cultural, economic, and governmental activity, and is a popular tourist destination. Reykjavík is believed to be the location of the first permanent settlement in Iceland, which, according to Landnámabók, was established by Ingólfr Arnarson in 874 CE. Until the 18th century, there was no urban development in the city location. The city was officially founded in 1786 as a trading town and grew steadily over the following decades, as it transformed into a regional and later national centre of commerce, population, and governmental activities. It is among the cleanest, greenest, and safest cities in the world. History According to lege ...
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Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its surrounding areas) is home to over 65% of the population. Iceland is the biggest part of the Mid-Atlantic Ridge that rises above sea level, and its central volcanic plateau is erupting almost constantly. The interior consists of a plateau characterised by sand and lava fields, mountains, and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence keep summers chilly, and most of its islands have a polar climate. According to the ancient manuscript , the settlement of Iceland began in 874 AD when the Norwegian chieftain Ingólfr Arnarson became the first p ...
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Laugavegur (Reykjavík)
Laugavegur () is the primary commercial artery of downtown Reykjavík, Iceland and one of the oldest shopping streets. The name means "wash road", as it used to lead to the hot springs in Laugardalur where in olden times the women of Reykjavík took their laundry for washing. It was constructed in 1885 as a result of town council's decision. It experienced economic setbacks mostly because shopping malls opened elsewhere, most notably Kringlan that opened in 1987 and Smáralind that opened in 2001. It maintains the charm of a historical shopping street and is still home to the more exclusive stores in Iceland. It is also home to many bars, nightclubs and restaurants. On Friday and Saturday nights, the street is often filled with people all night long. See also * Borgartún Borgartún () is a street in Reykjavík, Iceland, that in years leading up to the country's economic crisis became the centre of the city's financial district. Three of Iceland's four largest banks hav ...
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Arion Banki
Arion Banki hf. formerly ''Nýja Kaupþing hf'' or ''New Kaupthing'' is an Icelandic bank with roots tracing back to 1930. The bank operates in the Greater Reykjavík area as well as in the largest urban areas around the country. In 2016 the bank had the third largest market share of the current accounts in Iceland (30%), behind Landsbankinn (36.1%) and Íslandsbanki (31%). The Bank has 21 branches all over the country and over 100,000 customers. History ''Nýja Kaupþing hf'' or ''New Kaupthing'' was established as a state-owned bank on the ruins of the Icelandic-based operations of the former Kaupthing Bank and placed in control of the old bank's domestic assets and liabilities. On 20 November 2009, New Kaupthing changed its name to Arion Banki. On behalf of its creditors Kaupthing, through its subsidiary Kaupskil, took ownership of Arion Bank on 8 January 2010. Kaupskil holds 87% of common equity and the Icelandic State Financial Investments (ISFI) 13%. Kaupskil appoints five ...
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Íslandsbanki
Íslandsbanki is an Icelandic bank with roots tracing back to 1875, formerly being the domestic part of Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent bank. The sole operations of the bank is to manage a branch network in Iceland, with a 20%-40% market share across all domestic franchise areas. As of 2022, the bank has 12 branches around Iceland. First Íslandsbanki Íslandsbanki was originally created in 1990 through the merger of Alþýðubanki (Union Bank), Verzlunarbanki (Bank of Commerce) and Iðnaðarbanki (Industrial Bank). After its 2000 merger with FBA Icelandic Investment Bank, the bank was briefly renamed Íslandsbanki-FBA, but "FBA" was dropped from the name in 2002. In 2006, the bank again rebranded itself as Glitnir. Second Íslandsbanki The bank was re-established on 15 October 2008 under the name Nýi Glitnir ("New Glitnir") to take over the Icelandic operations of Glitnir banki hf., ...
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Straumur
ALMC hf., formerly Straumur Investment Bank hf. ( is, Straumur Fjárfestingabanki), is a regional investment bank headquartered in Reykjavík, Iceland. Founded in 1986 as ''Hlutabréfasjóðurinn'' and rebranded as Straumur in 2004, the bank initially survived the financial turmoil in late 2008 but was nationalised by The Financial Supervisory Authority of Iceland (FME) on 9 March 2009. Straumur was the last of Iceland's four biggest banks to remain independent, during the financial crisis. In the summer of 2010, the bank had been rebranded as ALMC and owned by its creditors. The majority of ALMC's owners are international investors and financial institutions and independent from any state involvement. Before the collapse of the Icelandic banking system in late 2008 the company was mainly owned by Björgólfur Guðmundsson and his son Björgólfur Thor Björgólfsson. The latter was also the chairman of the board until the bank was temporarily closed by regulators in March 2009. ...
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Höfðatorg Tower 1
Höfðatorg Tower 1 is an office tower in Iceland. The building is located close to downtown Reykjavík. It is 74 metres (243 ft) high and has a total of 19 floors, from the ground up. The tower's construction was completed in 2009. It is a part of a complex called Höfðatorg (). The name ''Höfðatorg'' is taken from the house Höfði, which is very close to the building. See also * List of tallest buildings in Iceland This is a list of the tallest buildings in Iceland. Tallest buildings Tallest structures An incomplete list of the tallest structures in Iceland. This list contains all types of structures. References {{TBSW Iceland Towers in Iceland T ... References Towers in Iceland Buildings and structures in Reykjavík {{Iceland-struct-stub Office buildings completed in 2009 ...
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Höfði
Höfði () is a house in Reykjavík, Iceland, best known as the location for the 1986 Reykjavík Summit meeting of President Ronald Reagan of the United States and General Secretary Mikhail Gorbachev of the Soviet Union. This meeting was an important step towards ending of the Cold War. Within the building, the flags of the United States and the Soviet Union are cross-hung to commemorate the meeting. History The house was built in 1909 and is located at Félagstún. It was initially built for the French consul Jean-Paul Brillouin in Iceland, and was the exclusive residence of poet and businessman Einar Benediktsson (1864-1940) for twelve years (1913-1925). From 1925 to 1937 painter Louisa Matthíasdóttir grew up in the house since her family resided there. In the 1940s and 1950s, it was home to the British Embassy in Reykjavík. The city of Reykjavík purchased the house in 1958, and restored it. From then on it has been used for formal receptions and festive occasions. ...
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Reykjavík Summit
The Reykjavík Summit was a summit meeting between U.S. President Ronald Reagan and General Secretary of the Communist Party of the Soviet Union Mikhail Gorbachev, held in Reykjavík, Iceland, on 11–12 October 1986. The talks collapsed at the last minute, but the progress that had been achieved eventually resulted in the 1987 Intermediate-Range Nuclear Forces Treaty between the United States and the Soviet Union. Negotiations Since 1986, Gorbachev had proposed banning all ballistic missiles, but Reagan wanted to continue research on the Strategic Defense Initiative (SDI), which involved the militarization of outer space. Yet Soviet suspicion of SDI continued, and U.S.-Soviet relations were strained. At Reykjavík, Reagan sought to include discussion of human rights, emigration of Soviet Jews and dissidents, and the Soviet invasion of Afghanistan. Gorbachev sought to limit the talks solely to arms control. The Soviets acceded to the " double-zero" proposal for eliminating INF ...
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Ronald Reagan
Ronald Wilson Reagan ( ; February 6, 1911June 5, 2004) was an American politician, actor, and union leader who served as the 40th president of the United States from 1981 to 1989. He also served as the 33rd governor of California from 1967 to 1975, after having a career in entertainment. Reagan was born in Tampico, Illinois. He graduated from Eureka College in 1932 and began to work as a sports announcer in Iowa. In 1937, Reagan moved to California, where he found Ronald Reagan filmography, work as a film actor. From 1947 to 1952, Reagan served as the president of the Screen Actors Guild, working to Hollywood blacklist, root out alleged communist influence within it. In the 1950s, he moved to a career in television and became a spokesman for General Electric. From 1959 to 1960, he again served as the guild's president. In 1964, his speech "A Time for Choosing" earned him national attention as a new conservative figure. Building a network of supporters, Reagan was 1966 Califo ...
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Mikhail Gorbachev
Mikhail Sergeyevich Gorbachev (2 March 1931 – 30 August 2022) was a Soviet politician who served as the 8th and final leader of the Soviet Union from 1985 to dissolution of the Soviet Union, the country's dissolution in 1991. He served as General Secretary of the Communist Party of the Soviet Union from 1985 and additionally as head of state beginning in 1988, as Chairman of the Presidium of the Supreme Soviet from 1988 to 1989, Chairman of the Supreme Soviet from 1989 to 1990 and the only President of the Soviet Union from 1990 to 1991. Ideologically, Gorbachev initially adhered to Marxism–Leninism but moved towards social democracy by the early 1990s. Gorbachev was born in Privolnoye, Stavropol Krai, Privolnoye, Russian Soviet Federative Socialist Republic, Russian SFSR, to a poor peasant family of Russian and Ukrainian heritage. Growing up under the rule of Joseph Stalin, in his youth he operated combine harvesters on a Collective farming, collective farm before join ...
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