Sunday, Mar 23, 2008
Oh dear shall, I shan't I?
Telegraph: Iceland shows cracks as the krona crashes
As with HBOS, Kaupthing, Iceland's biggest bank, has been besieged by rumours that it could be nationalised, although the government and management deny any liquidity issues. Even so, traders in credit default swaps (CDS) have pushed the cost of protecting the country's three main banks' debt against default to stratospheric levels, leaving the banks facing prohibitively high funding costs.
Posted by cheekie charlie @ 03:19 PM (123 views) Add Comment
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