Iceland nationalized its second-largest bank Tuesday under emergency legislation and said it had negotiated a $5.4 billion loan from Russia to shore up the nation’s...

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The moves came a day after trading in shares of major banks was suspended, the Icelandic krona lost a quarter of its value against the euro, and the government rushed through emergency legislation giving it new powers to deal with the...
More than 200,000 British investors in the Icelandic internet bank Icesave were today unable to make any deposits or withdrawals from their accounts as the country's financial crisis worsened. Customers hoping to access their account were met with...
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