Iceland nationalises second-largest bank

The crisis in the Icelandic financial system deepened on Tuesday as the authorities took control of Landsbanki, the country's second-largest lender, and pegged the ailing krona to the euro.

The central bank also said that it was in talks to secure a €4 billion ($5.4 billion) loan from the Russian authorities to boost its foreign-exchange stockpile.

"The Icelandic prime minister initiated contacts concerning this agreement some months ago. Representatives from the Central Bank of Iceland and t

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