http://streettalk.in/main.php?section=viewblog <http://streettalk.in/main.php?section=viewblog&postid=120> &postid=120 Many developments are underway in the banking sector in Iceland, that are causing concerns in the European markets:
* <http://ukpress.google.com/article/ALeqM5hE7XR5e2nUjcHMJeB6YQtpbVs16Q> Icelandic bank share trading halted The Icelandic Stock Exchange halted share trading in six major financial institutions as the government said it was drafting a plan to deal with the financial crisis engulfing the Nordic country. Business Affairs Minister Bjorgvin Sigurdsson had earlier told state radio that a draft of the plan was "well on it's way" after the country's banks agreed to sell off some of their foreign assets. * <http://www.iht.com/articles/2008/10/07/business/icebank.php> Iceland takes over failing bank Iceland on Tuesday took control of Landsbanki, the island's second-largest bank by value. The move is the latest step by authorities to control a crisis in the financial sector that has already led to the partial nationalization of Glitnir Banki and new legislation to give the government sweeping powers over the banking sector. * <http://www.independent.co.uk/news/business/news/icelandic-internet-bank-fre ezes-cash-movements-953867.html> IceSave Bank Stops UK Customers Withdrawing Funds Icelandic internet bank Icesave has stopped UK customers withdrawing or depositing money, according to a notice on its site today. The notice from the bank, which is part of Landsbanki, did not offer any explanation for the move but it came as Iceland's government grappled with a major crisis in its troubled banking sector. The notice said: "We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. * <http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSS AT00565120081007> Russia to lend Iceland 4 bln euros Iceland's central bank said on Tuesday Russia had agreed to provide the country with loans of 4 billion euros ($5.4 billion). \ Sedlabanki said in Icelandic on its website that the Russian ambassador to Iceland, Victor Tatarintsev, had informed Central Bank Governor David Oddsson on Tuesday that Russia would provide Iceland with the loan. It said the loan would substantially strengthen Iceland's foreign reserves and support the Icelandic crown. * <http://business.scotsman.com/bankinginsurance/10bn-boost--for-Iceland.45603 40.jp> 10bn boost for Iceland bank ICELANDIC authorities were yesterday in talks with its central bank and pension funds to inject up to 10 billion (£7.8bn) into the country's ailing banking system. The country's prime minister was leading the talks, with an announcement on its plans expected today. Regards Admin <http://www.streettalk.in/> www.StreetTalk.in Latest trading calls on <http://streettalk.in/main.php?section=call_listall> http://streettalk.in/main.php?section=call_listall (go and discuss and vote for the best!) My other forums: Save your planet - <http://www.saveyourplanet.in/phpbb3/> http://www.saveyourplanet.in/phpbb3/ - Discuss and Save your environment Are You Game - <http://www.areyougame.in/> http://www.areyougame.in/ - India's first full fledged board for Sport Fans --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
