Wikinews Shorts: September 29, 2008
A compilation of brief news reports for Monday, September 29, 2008.
Iceland nationalises second biggest bank Glitnir
Following an emergency meeting at the Central Bank of Iceland on Sunday night the Government of Iceland has acquired 75% of stock in Iceland's second largest bank, Glitnir, at the price of 600 million euros. Immediately following that the largest shareholder in Glitnir, Stoðir with around 32% stake, filed for a moratorium process. The domino effect will most likely continue down the chain of the interlinked Icelandic financial market.
- "Stoðir óska eftir greiðslustöðvun" — , September 29, 2008 ()
- "Ríkið eignast 75% hlut í Glitni" — , September 29, 2008 ()
- "Iceland seizes troubled Glitnir bank" — , September 29, 2008