More on Iceland

Iceland seized the nation's last major independent bank, shutting down currency trading and effectively rendering the krona worthless on world markets, as the collapse of Iceland's financial system accelerated. Prime Minister Geir Haarde, who warned this week of "national bankruptcy," said Iceland's finance minister, Arni Mathiesen, will be in Washington this weekend for International Monetary Fund / World Bank meetings, but he would not say whether an IMF bailout is in the works.