| Author (Person) | Ward, Andrew |
|---|---|
| Series Title | Financial Times |
| Series Details | 2.12.09 |
| Publication Date | 02/12/2009 |
| Content Type | News |
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Article reports that foreign creditors agreed 1 december 2009 to take control of the Icelandic Kaupthing bank as part of efforts to claw back losses and rebuild the country’s shattered financial sector. The agreement to reprivatise the surviving part of Kaupthing Bank came less than two months after a similar deal involving the remnants of Glitnir, another failed lender. Of three Icelandic banks nationalised in the wake of the 2008 financial crisis, only Landsbanki will remain fully under government control once Kaupthing and Glitnir are offloaded. |
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| Countries / Regions | Iceland |
