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Banks Of Iceland
The following is a list of banks in Iceland. Contemporary banks Central * Central Bank of Iceland Commercial * Arion Bank (formerly known as ''New Kaupthing'') * Íslandsbanki (formerly known as ''New Glitnir'') * Landsbankinn (formerly known as ''New Landsbanki'') * Kvika banki Investment * Kvika banki * Defunct banks * Askar Capital (privately owned) * Búnaðarbanki (merged with Kaupthing, became KB Bank and later Kaupthing Bank) * Glitnir (previously government-owned, privatized, went back into government hands during the Icelandic financial crisis) * Iðnaðarbanki (merged with Útvegsbanki, Alþýðubanki, Verzlunarbanki and Samvinnubanki) * Íslandsbanki (First Íslandsbanki was founded in 1904, went bankrupt during the Great Depression. Second Íslandsbanki came into existence when the government owned banks Útvegsbanki, Samvinnubanki, Iðnaðarbanki and Verslunarbanki merged. Íslandsbanki was later re-branded as Glitnir Bank, which was taken into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
