The bank (formerly Glitnir banki), which offers personal, corporate, and investment banking services, was taken over by the Icelandic government in October 2008; it acquired a 75% stake for some €600 million. The bank restructured and reverted to a former moniker to mark a fresh start. It retained its domestic operations and assets, including its branches, service centers, ATMs, and online banking system. However, the bank sold off its Finnish, Norwegian, and Swedish subsidiaries. Its remaining international operations in Canada, China, Russia, the US, and the UK will no longer function under the newly-nationalized Iceland bank
Norway, the EU, and the UK Seal a Crucial North Sea Pact for 2026 European Union
December 2025. Following intense negotiations that extended from the autumn, Norway, the European Union (EU), and the United Kingdom (UK) have signed a key tripartite agreement defining fishing quotas...
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