TITLE

Bailout repayments may herald upturn

AUTHOR(S)
Cleary, Alan
PUB. DATE
September 2009
SOURCE
Mortgage Strategy;9/28/2009, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article comments on the bailout schemes implemented by various banks worldwide. It states that the Bank of America Corp. worked with U.S. regulators to convince them of the need to pay back billions of dollars of bailout money, while the Royal Bank of Scotland raised funds to pay the same bailout money. The author believes that these moves of repaying the bailout funds are a manifestation that the industry experienced a more favourable lending environment.
ACCESSION #
44572588

 

Related Articles

  • Include Exit Strategy in Intervention Plans. Barnett, Robert E. // American Banker;10/24/2008, Vol. 173 Issue 206, p11 

    The article discusses the creation of a plan to end U.S. government involvement in the financial industry. The author explains that the government's help during the financial crisis of 2008 should be seen as temporary and that the creation of a responsible exit strategy should be considered. The...

  • Winning Main Street Hearts and Minds. Gnaizda, Robert; Corralejo, Jorge // American Banker;10/24/2008, Vol. 173 Issue 206, p11 

    The article discusses how major banking corporations can regain the confidence of the public in the wake of the nationalization of banks through the use of taxpayer money. The author suggests that banking industry leaders convene and discuss how to move forward responsibly so as not to create...

  • Why More Lending Isn't Always the Answer. Albertson, Robert // American Banker;11/12/2008, Vol. 173 Issue 219, p11 

    This article discusses reasons why more lending, especially under the Troubled Asset Relief Program, might not be the answer to the problems with the financial industry in the United States. The author believes that the U.S. government will be making a mistake by asking banks to lend rather than...

  • Documents Show B of A Debated Aid.  // American Banker;11/17/2009, Vol. 174 Issue 207, p16 

    This article presents information about documents that support the theory that Bank of America Corp. (B of A) used the threat of abandoning its agreement to buy Merrill Lynch & Co., Inc. to get more government funds. The documents are handwritten notes from a meeting between B of A and its legal...

  • EU Bailout In The Works?  // Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p17 

    The article reports on the plan of the French government to assist in assisting €300 billion ($147 billion) bailout fund to rescue European banks caught up in the credit crunch. It notes that the money could be used to help recapitalize banks or to create a U.S.-style deposit for illiquid...

  • Banks' share prices dive despite bailout. Thickett, Robert // Mortgage Strategy;10/13/2008, p5 

    The article reports on the impact of credit crisis on the banking industry. It cites that share prices in banks are still low despite government's bailout of £500 billion. Richard Snook, senior economist of Center for Economics and Business Research (CERB), states that financial crisis has...

  • Local economists, stateside analysts weigh-in on proposed bailout plan. Carmona, José L. // Caribbean Business;10/2/2008, Vol. 36 Issue 39, p10 

    The article reports on the impact of the proposed bailout plan on the economy of Puerto Rico. The $700 billion bailout legislation that the administration of U.S. President George W. Bush is promoting would allow the government to buy bad mortgages and other rotten assets held by troubled banks...

  • Economic Stabilization Act: Overview of Transactions Involving Troubled Assets.  // Venulex Legal Summaries;2008 Q4, Special section p1 

    This article provides an overview of how the transactions involving troubled assets of U.S. financial institutions will be made under the Emergency Economic Stabilization Act of 2008. It explains that the Act is aimed at restoring liquidity and stability to the credit markets and includes a wide...

  • Cyprus agrees £10bn bailout with EU and IMF. Dale, Samuel // Mortgage Strategy (Online Edition);3/25/2013, p10 

    The article reports on an agreement of a bailout by Cyprus with European Union (EU) and International Monetary Fund that will lead to huge losses on large deposits. It is noted that a 6.75% levy on savings was threatened by the previous bailout package guaranteed under the EU-wide deposit...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics