Iceland Seizes Its Largest Bank As Banking System Melts Down
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The government of Iceland seized the country's largest bank, Kaupthing Bank hf, as the company's banking system continues its rapid meltdown.
Iceland may seek a loan from Russia or the International Monetary Fund to shore-up its system and help guarantee deposits.
The Iceland currency was halted as it was in free-fall on the crisis.
Iceland may seek a loan from Russia or the International Monetary Fund to shore-up its system and help guarantee deposits.
The Iceland currency was halted as it was in free-fall on the crisis.
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