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Snow problem

9 June 2021 By Liam Proud

The state is selling 35% of Íslandsbanki, formerly known as Glitnir, which failed in 2008. Its funding, size and asset mix are a far cry from the racy pre-crisis days, when the country’s banking assets hit 10 times GDP. A $1.5 bln price tag looks cheap compared with peers.

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