Global financial crisis in October 2008 while Kaupthing was subjected to a rescue plan. On October 6, the Icelandic Financial Supervisory Authority decided temporarily to suspend from trading on regulated markets all financial instruments issued by Glitnir banki hf., Kaupþing banki hf., Landsbanki Íslands hf., Straumur-Burðarás fjárfestingarbanki hf., Spron hf., and Exista hf. Before the opening of the business day, October 6. BNP Paribas, the French bank, assumed control of the remaining assets of Fortis following Dutch nationalization of the operations of the bank in The Netherlands. Denmark, Austria, and possibly Germany, joined Ireland and Greece in guaranteeing bank deposits on Monday, October 6. Following this,
Global financial crisis in October 2008 the FTSE100 index of leading British shares had its largest one-day points fall since it was established in 1984. A banking Bill easing rescues is slated for introduction in the British Parliament on Tuesday, October 7. On October 6, German chancellor Angela Merkel pledged that the government would guarantee all German private bank savings. The government also announced a revised bailout plan for German mortgage lender Hypo Real Estate (HRE). On Monday, October 6, the Dow Jones Industrial Average closed below 10,000, a drop of 30% from its high above 14,000 a year earlier on October 9, 2007. In Brazil