Day Zero

Ásgeir Jónsson and Hersir Sigurgeirsson
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Ásgeir Jónsson: University of Iceland
Hersir Sigurgeirsson: University of Iceland

Chapter 4 in The Icelandic Financial Crisis, 2016, pp 103-138 from Palgrave Macmillan

Abstract: Abstract On the morning of Wednesday, October 8, 2008, employees at Kaupthing Bank’s headquarters noticed a banner on the television screen mounted above them. The banner, from a Bloomberg broadcast, read: “ING Buys 3 Billion Pounds of Icelandic Deposits.” Soon, a large, solemn congregation stood in front of the screen, staring at the banner. It was the bank’s death sentence, writ large.

Keywords: Banking System; Balance Sheet; Saving Bank; Loan Portfolio; Banking Crisis (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-39455-2_4

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DOI: 10.1057/978-1-137-39455-2_4

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