Packers Jennings Yellow Jersey

Packers Jennings Yellow Jersey -

UK authorities have seized control of Kaupthing Singer & Friedlander, the UK arm of Kaupthing. Kaupthing Edge -the Internet bank- was transferred to ING Direct and the UK Packers Jennings Yellow Jersey operation put into administration. The Icelandic government decided then to nationalise the Kaupthing's parent bank which went into technical default. "It did not matter that the Packers Jennings Yellow Jersey parent company had sufficient liquidity and its position was solid," commented someone from Kaupthing, before the entire board resigned. On this, Fitch Ratings added "In light of recent events, the ability and propensity of the Icelandic authorities to support the banking system remain increasingly compromised". Despite Iceland's banking assets account about nine times the island GDP; this would not be enough to cover their debts, considering the imminent bankruptcy. A Packers Jennings Yellow Jersey delegation from the IMF is currently visiting Reykjavik, while the government is also looking other alternatives in East Europe.