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Landsbanki/Icesave rescue; Russia saves Iceland
I,_Brian
Posts: 191 Forumite
Posted in another thread, but posted here for better attention:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3FLoXHmazOs&refer=worldwide
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3FLoXHmazOs&refer=worldwide
Iceland's Financial Supervisory Authority today took control of Landsbanki Islands hf, the nation's second-biggest lender, and the central bank gave a 500 million-euro loan to Kaupthing Bank hf, the biggest.
Iceland got a 4 billion-euro ($5.43 billion) loan from Russia after the currency's slump and bad debts crippled the financial system.
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Personally, I don't think there are enough Icelandic threads at the moment.0
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