What country's economy melted down in 2008 following the collapse of banks Glitnir, Landsbanki and Kaupthing?
Kaupthing Bank October 2000, at which point the original owners of the bank, the savings banks in Iceland, reduced their holdings, and individuals and institutional investors replaced them as shareholders. Kaupthing Bank shares were listed on the Stockholm Stock Exchange in 2002. By 9 October 2008, Kaupthing Bank HF was forced into government receivership – only days after a crisis at Landsbanki placed it into government control. Due to the crisis throughout the Icelandic financial system, all trading in the country's equity markets was suspended on 13 October 2008. The events were followed by the collapse of Iceland's banking sector, which led
Economy of Iceland quotas were reduced, leading to a decline in the catch to 87,121 tonnes in 2010. There have been increased numbers of Atlantic mackerel, the "Miracle of the Mackerel." in the 21st century as the Atlantic Ocean has slightly warmed. The Icelandic banking system has been completely overhauled in the wake of its collapse in 2008. There are now three major commercial banks, NBI (commonly referred to as Landsbanki), Arion Bank (formerly Kaupthing Bank) and Islandsbanki (formerly Glitnir). There are smaller banks, including Kvika banki (formerly MP Straumur), and some savings banks. There has been extensive consolidation of smaller banks, with