Iceland suspends trading after bank seizures

Iceland’s financial crisis escalated on the 9 October 2008 with all stock market trading suspended after Kaupthing, the country’s biggest bank, followed two other Icelandic banks Landsbanki and Glitnir into state ownership. The move to nationalise Kaupthing prompted a diplomatic row between the UK and Iceland.

ESO: Background information: Terror law used for Iceland deposits http://www.europeansources.info/record/terror-law-used-for-iceland-deposits/

United Kingdom: HM Treasury: Press Release, 9.10.08: Landsbanki, Heritable, and Kaupthing Singer and Friedlander http://www.hm-treasury.gov.uk/press_103_08.htm

BBC News, 9.10.08: Iceland nationalises biggest bank http://news.bbc.co.uk/1/hi/business/7660511.stm

Iceland: Government Offices, 9.10.08: Iceland's Ambassador to the UK meets high officials at Downing Street http://eng.utanrikisraduneyti.is/speeches-and-articles/nr/4491

Deutsche Welle, 9.10.08: Britain, Iceland in row over frozen accounts http://www.dw-world.de/dw/function/0,2145,12215_cid_3702851,00.html

France24, 9.10.08: Iceland sinks further into crisis http://www.france24.com/en/20081009-iceland-sinks-further-crisis-iceland-crisis&navi=EUROPE

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