LONDON Iceland said Tuesday that it was seeking a $5.4 billion emergency loan from Russia, pegged its currency to an index and took control of one of its largest banks as the North Atlantic island struggled to keep its economy afloat. Iceland’s...

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Prime Minister Geir Haarde rushed emergency measures through the Nordic nation's parliament to nationalise Landsbanki and give the country's largest bank, Kaupthing, a £400m loan to bolster its balance sheet. Landsbanki has been put into the...
Icesave, the UK online division of Landsbanki, has frozen UK savings accounts It is expected 300,000 UK savers may need to claim compensation if - as is expected - Icelandic internet bank Icesave defaults. The Icelandic Prime Minister Geir Haarde...
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