news, comment, analysis and data on the global business of credit trading and investing
Glitnir
Glitnir Banki is a Reykjavík, Iceland-based financial with $23 billion of outstanding debt, according to its June 2008 financial statements. The Icelandic FSA made a regulatory intervention on 8 October 2008. Its credit default swap auction on 5 November 2008 determined CDS recoveries at 3%.
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