Empresas y finanzas
Iceland FSA issues statement on Landsbanki takeover
The statement comes after the country's banking minister told Icelandic radio that the bank would be taken over.
"Based on new legislation, the Icelandic Financial Supervisory Authority (IFSA) proceeds to take control of Landsbanki to ensure continued commercial bank operations in Iceland," the authority said in a statement.
"Domestic deposits are fully guaranteed, as declared by the government. Landsbankis domestic branches, call centers, cash machines and internet operations will be open for business as usual. The objective of the IFSAs action is to guarantee a functioning domestic banking system."
The move is the latest step by authorities to control a crisis in the financial sector that has already led to the part-nationalization of Glitnir and new legislation to give the government sweeping powers over the banking sector.