The global financial crisis claimed a clean sweep of Iceland’s largest banks on Monday after Straumur-Burdaras, the last of the four biggest Icelandic banks to remain independent, was nationalised. Straumur’s demise marks the end of a five-month fight to avoid nationalisation after Iceland’s three largest banks – Glitnir, Landsbanki and Kaupthing – all collapsed in the same week in October last year.

This entry was posted by Gwen Robinson on Tuesday, March 10th, 2009 at 4:53 and is filed under Capital markets. Tagged with iceland, Straumur-Burdaras. Edit this entry.