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 plan included increased ability to borrow from the government, offered assistance in raising equity, and a statement of support for international efforts. The plan has been described as partial nationalization. The crisis was very severe; according to the BBC's Robert Peston on 22 December after interviewing government and banking leaders "For me, what stood out when interviewing this quartet was the revelation about how Royal Bank of Scotland and HBOS were—in October—only hours away from being unable to open for business". On Wednesday, October 8, the European Central Bank, Bank of England, Federal Reserve, Bank of Canada, Swedish Riksbank and