Iceland got in financial difficulties after it took over its three biggest banks: Landsbanki, Kaupthing and Glitnir.

BBC: Credit crisis: World in turmoil

The Icelandic government takes control of the country's third-largest bank, Glitnir, after the company faces short-term funding problems.

BBC: Timeline: Credit crunch to downturn

There is also uncertainty over any money held by Landsbanki itself and Glitnir, another Icelandic bank, which are in receivership.

BBC: UK seeks return of Iceland cash

The Icelandic government has taken a 75% stake in Glitnir, a bank with outrageous reliance on gummed-up wholesale funding markets.

ECONOMIST: Global banks

The Icelandic stock exchange had been shut down since Thursday, and trading of six financial stocks, including Kaupthing, Landsbanki, Glitnir and Straumur-Burdaras, remained suspended.

FORBES: Market Scan

The government has appointed two women to be chief executives of its newly nationalized banks-- Landsbanki and Glitnir--now to be called New Landsbanki and New Glitnir.

FORBES: Market Scan

The government of Iceland has been scrambling to put together a series of rescue packages for its banks and economy and has put two big banks, Landsbanki and Glitnir, into receivership.

FORBES: Market Scan

PwC has the most large, serious claims against them, including significant Madoff feeder fund litigation, as well as four crisis-era international fraud cases, Satyam, Glitnir, Yukos, and Landsbanki.

FORBES: Is Any Other Audit Firm Vulnerable Besides Ernst & Young?

The speed of Iceland's downfall in the week since it announced it was nationalizing Glitnir bank, the country's third largest, caught many by surprise, despite warnings it was the "canary in the coal mine" of the global credit squeeze.

NPR: Iceland Shivers From Financial Crisis