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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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Just hours after Geir Haarde, Iceland's prime minister, said on Wednesday night that it was unlikely that the financial regulator would seize Kaupthing, the bank was taken over by the regulator.
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Russia on Tuesday commited to pump $37bn in long-term loans into its biggest state banks amid signs that the turmoil was spreading to the real economy.
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Iceland's central bank said on Tuesday it would peg the island's crown to a basket of currencies at a level of 131 per euro effective immediately, confirming earlier reports.
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Reports that Royal Bank of Scotland had approached the UK government over a possible capital injection sent their shares tumbling.
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