Nýi Landsbanki

Nýi Landsbanki

Nýi Landsbanki ehf. is a state-run bank which operates in Iceland. The organisation was created in October 2008 after the government took control of the insolvent Landsbanki, formerly one of the three largest banks in Iceland. With the creation of the new company, around 500 jobs were lost as employee numbers were cut from 1,500 to 1,000. This is due to the radical reorganisation of the bank, which will focus operations on recovering the former Landsbanki.

See also

* 2008 Icelandic financial crisis


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