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

 

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