...Landsbanki, officially ' , also commonly known as Landsbankinn (literally "the national bank") in Iceland, is an Icelandic bank. On October 7, 2008 the Icelandic Financial Supervisory Authority took control of Landsbanki. The Financial Supervisory Authority - Iceland, News: Based on New Legislation, the Icelandic Financial Supervisory Authority (IFSA) Proceeds to take Control of Landsbanki to ensure Continued Commercial Bank Operations in Iceland (07.10.2008) Read full entry
This entry is from Wikipedia,the leading user-contributed encyclopedia.It may not have been reviewed by professional editors(See full disclaimer)
- 1.Landsbankinn - The National Bank of Iceland - English
- Landsbanki is a leading Icelandic financial institution that offers a full range ... Agreement between the Government and the Resolution Committee of Landsbanki ...
- http://www.landsbanki.is/index
.aspx?groupid=433
- 2.Landsbanki - Wikipedia, the free encyclopedia
- www.landsbanki.is ... Landsbanki served as the central bank of Iceland from 1927 until 1961. ... Main article: History of Landsbanki ...
- http://en.wikipedia.org/wiki/L
andsbanki
 |
Is Brown right to use http://www.telegraph.co.uk/fin
ance/financetopics/financialcr
isis/3167190/Financial-crisis-
Gordon-Brown-to-sue-Iceland-ov
er-near-1bn-of-frozen-bank-dep
osits.html
Alistair Darling, Chancellor
of the Exchequer, added: "The
Icelandic government, believe
it or not, have told me
yesterday they have no
intention of honouring their
obligations here."
The Treasury said in a
statement that it had frozen
the assets of Landsbanki,
Iceland's second-largest bank,
until the future of the
business and UK creditors
"becomes clearer".
|
|
 |
|
|
 |
Interesting. Yes - because there are really no other options for the Government and at least it keeps the assets from being taken into the great black hole of the banking crisis. It is a sign of desperate things have become though, but it does give time for negotiations to take place and it is lawful (just). I doubt very much if the Uk would have tried this tactic with a bigger country than Iceland - can you imagine them freezing the assets of a German or French bank? Iceland are small enough to push about. |
|
|
|
|
* Indicates a required fieldAdd your knowledge or ask a question:
