In 2005, Landsbanki acquired three European securities houses: Teather & Greenwood, located in London and Edinburgh; Kepler Capital Markets, headquartered in Paris; and Merrion Capital Group in Dublin.
In Icelandic, lemon socialism is known as "Sósíalismi andskotans", meaning "the devil's socialism", a term coined by Vilmundur Jónsson (1889–1971, Iceland's Surgeon General) in the 1930s to criticize alleged crony capitalism in Landsbanki, which term has gained renewed currency in the debate over the 2008–2012 Icelandic financial crisis.
(2009) Subsidy scandal: In early April the Independence Party received a 55 million krónur subsidy from FL-group and Landsbanka Íslands the day before a 300.000 krónur ceiling was set for subsidies to political parties.