Originally published on Fri February 1, 2013 11:49 am
Authorities in Mexico City said Friday morning that at least 32 people had been killed and another 120 or so injured by the explosion Thursday afternoon at the headquarters of Pemex, Mexico's state-owned oil company.
This week saw the end of a years-long, international, multi-billion-dollar battle over one of the most boring things in finance: savings accounts.
At the center of the battle was Iceland, a tiny country where the banks grew into international behemoths during the credit bubble.
The banks got so big partly by convincing foreigners to open up online savings accounts. In particular, lots of people in England and Netherlands opened up "ICESAVE accounts" with a bank called Landsbanki. During the financial crisis, the bank collapsed.