http://news.bbc.co.uk/1/hi/business/7641753.stm
The Icelandic government has taken control of the country's third largest bank, Glitnir, after it faced short-term funding problems.
The government has bought a 75% stake in the bank for 600m euros ($860m £478m) to ensure stability of the bank during the current financial turmoil.
Glitner is expected to operate as normal and the government said it did not intend to hold the stake for long.
It is the first major Icelandic banking nationalisation of the current crisis.
The Icelandic government has taken control of the country's third largest bank, Glitnir, after it faced short-term funding problems.
The government has bought a 75% stake in the bank for 600m euros ($860m £478m) to ensure stability of the bank during the current financial turmoil.
Glitner is expected to operate as normal and the government said it did not intend to hold the stake for long.
It is the first major Icelandic banking nationalisation of the current crisis.
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