Banking in Iceland
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
Banking in Iceland faced a crisis in 2008, which resulted in the government taking over three of its largest commercial banks.
The short-term liabilities of Icelandic banks in proportion to Iceland's GDP are 211%, as of 11 October 2008, or 480% of the country's national debt, and the average leverage ratio (assets/net worth) is 1 to 14.
Major Commercial Banks
- "The World's Banks Could Prove Too Big to Fail — or to Rescue". The New York Times. 11 October 2008. Retrieved 14 August 2016.
|This Iceland-related article is a stub. You can help Wikipedia by expanding it.|