The former chief executive of the collapsed bank Kaupthing has been arrested in Iceland.
A spokesman for the special prosecutor's office said Hreidar Mar Sigurdsson was suspected of breaking laws on stock trading, for personal gain.
It's the first arrest of a senior Icelandic banking figure since the country's finance industry crashed in 2008.
Mr Sigurdsson is being held by police until a hearing today (Friday) at the Reykjavik District Court, to decide whether he will be given bail.
It's not yet known whether his arrest could have any ramifications for depositors in Manx-based Kaupthing Singer and Friendlander.
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