Financial crisis Icelandic banks' collapse threatens millions of taxpayers' money

telegraph.co.uk

Oct. 9, 2008

Up to a billion pounds of British taxpayers' money deposited with Icelandic banks could be lost it has emerged.

Britain guarantees Icesave accounts

LONDON, Nov. 6 (UPI) -- The British Treasury will cover $1.57 billion in losses suffered by British citizens with accounts at a failed Icelandic bank, Alistair Darling said Thursday.

Iceland slams Britain's use of terror law

REYKJAVIK, Iceland, Nov. 2 (UPI) -- Icelandic officials say Britain has made their dire financial situation even worse by using antiterrorism laws to freeze British assets in its banks.

Iceland turns to IMF for $2 billion loan

REYKJAVIK, Iceland, Oct. 24 (UPI) -- Icelandic Prime Minister Geir Haarde said the government has requested a loan of $2 billion from the International Monetary Fund.

Europol, Iceland partner on drug bust

REYKJAVIK, Iceland, Oct. 17 (UPI) -- Europol and Icelandic police have raided an illicit drug laboratory, resulting in the arrest of three suspects involved in an organized criminal group.

Iceland's neighbors pitch in with loans

REYKJAVIK, Iceland, Oct. 15 (UPI) -- Norway and Denmark stepped up to help neighbor Iceland through its financial crisis, the Icelandic central bank said.

Two Icelandic women picked to head banks

REYKJAVIK, Ireland, Oct. 13 (UPI) -- Two nationalized banks that helped push Iceland's economy to the edge of bankruptcy are to be taken over by two women, sources said.

Iceland's banking crisis threatens Britain

REYKJAVIK, Iceland, Oct. 11 (UPI) -- The Icelandic government agreed Saturday to quicker repayment of British deposits in the online bank Icesave.

Iceland stays its hand with banks for now

REYKJAVIK, Iceland, Oct. 6 (UPI) -- Bankers and Icelandic officials worked through the weekend to find a solution to the country's ailing financial system, the government said.

Iceland threatened by credit crunch

REYKJAVIK, Iceland, April 1 (UPI) -- The international financial crisis has spread to one of Europe's smallest countries, threatening the banks of Iceland.

Magnus Magnusson, 'Mastermind' host, dies

GLASGOW, Scotland, Jan. 9 (UPI) --

Icelandic company orders four Boeing jets

CHICAGO, Dec. 29 (UPI) --

Boeing sells four jets to Icelandic group

CHICAGO, Sept. 22 (UPI) -- Iceland's Avion Group has agreed to buy four Boeing 777 freighters at a list price of slightly more than $200 million each.