Luxembourg's government has confirmed an agreement for a consortium of Arab investors to take over the local subsidiary of embattled Icelan...

As Iceland struggles to stave off bankruptcy after the collapse of its financial sector, banks and the government have pointed the finger a...

Ireland's major mortgage provider, Irish Life & Permanent PLC, slashed its profit forecast on Wednesday chiefly because of lost investments...

Hundreds of Icelanders vented their fury Friday at central bank chief David Oddsson, the man blamed for the country's financial collapse, a...

With financial markets seeing fresh panic, US authorities raised the prospect on Thursday of direct capital injections into troubled banks,...

The crisis in the credit markets has forced policymakers in the Western world to opt for long-forgotten policy tools.

Governments rushed out new emergency measures in a desperate bid to staunch underpin confidence on Thursday, rallying shell-shocked markets...

suspended trading on its stock exchange for two days and took control of the country's largest bank _ the third to be placed under its prot...

Britain's local government authorities are planning to ask for temporary tax breaks from the national government as they brace for potentia...

Icelandic govt took control of the country's largest bank, Kaupthing, on Thursday as it struggled to prevent an all-out collapse of its ban...

Iceland's government has nationalised the country's biggest bank, Kaupthing, financial authorities said on Thursday after the two other big...

The country's top four banks now hold foreign liabilities in excess of $100bn, debts that dwarf Iceland's GDP of $14 bn. Top banking crises...