Icelandic banks affected by the financial crisis
Glitnir Bank, Landsbanki, Kaupthing Bank In the wake of the global liquidity crisis in the beginning of October 2008, the three main commercial banks of Iceland, Glitnir, Landsbanki and Kaupthing, were not able to refinance themselves despite having considerable assets to match their debts and having operated in full compliance with European banking laws. Consequently, […]
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