Wikinews Shorts: September 29, 2008

From Wikinews, the free news source you can write!
Jump to navigation Jump to search

A compilation of brief news reports for Monday, September 29, 2008.

Help Wikinews! Contribute to Wikinews by expanding these briefs or add a new one.


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.

Sources



Bookmark-new.svg