Markets Magazine

This Is Where Bad Bankers Go to Prison

Iceland is the only nation that put top finance executives behind bars after the 2008 crisis. Still, fears of crony capitalism remain.

Iceland's Kviabryggja Prison is an old farmhouse bound by the North Atlantic on one side and fields of snow-covered lava rock on another. — Iceland's Kviabryggja Prison is an old farmhouse bound by the North Atlantic on one side and fields of snow-covered lava rock on another.
Photographer: Tomas Van Houtryve for Bloomberg Markets

By Edward Robinson and Omar Valdimarsson

March 31, 2016 at 12:01 AM EDT

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