Glitnir Bank's creditors are to acquire 95% of Íslandsbanki's share capital. A 5% stake will remain in state ownership. This decision, announced on 15 October 2010, serves to strengthen Íslandsbanki's position and reinforce its co-operation with foreign financial institutions.
Our customers will have continued access to the solutions currently on offer from the bank and the government. The financial wellbeing of Icelandic households and businesses, as well as the country's general economic recovery as soon as possible, is in the interest of the bank and its owners.
Íslandsbanki's new ownership represents an important step forward in rebuilding Iceland's financial system.
The price of oil Peru
Fishing and aquaculture for human consumption, those invisible arts to feed the world, have suffered for centuries in our country from enormous neglect by official entities, which keep them relegated,...
Shell processing plant suspends operation, 20 staff laid off Canada
The following is an excerpt from an article published by CTV News:
Coastal Shell Products in Richibucto, N.B., has suspended all operations.
The company made the announcement in a news release ...