Icelandic Officials Meet With Creditors in Reykjavik

October 20, 2008

Officials in Iceland held preliminary meetings last week with foreign and U.S. creditors to discuss how to deal with the debt from the three Icelandic banks that were taken over by that country's government two weeks ago. All three banks--Glitnir, Landsbanki, and Kaupthing--have sold private placement debt to U.S. investors in the past three years.

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