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China’s banks have a bad-debt problem
27 Mar 2024 17:10 GMT
… Regulation (NAFR), a new banking regulator, has handed out more … 20 punishments. In December Citic Bank, a commercial lender, was … legitimately as local governments recapitalise banks, pumping in funds to … One needed a $6.6bn bail-out in 2021. Others are poorly …
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After pushing its economy to the brink, Egypt gets a bail-out
27 Mar 2024 17:05 GMT
IN ANCIENT times, the pharaohs knew their survival might depend on the annual flooding of the Nile. Without its deluge of rich black silt, crops could not be sown, and hungry people tended to turn on their leaders. Times have changed, but Egypt’s modern- …
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Chinese central bank chief highlights $550bn currency swap 'safety net'
27 Mar 2024 10:41 GMT
… regional financial stability, the bank's governor … banking crises in some countries," he said.
The central bank … has signed bilateral local currency swap agreements with the central banks … of IMF-led international bailout relief package," Pan …
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Co-op Bank announces plans to cut 12pc of workforce
26 Mar 2024 13:00 GMT
According to the Guardian, the move would be the bank’s most significant restructuring since its bailout by hedge funds in 2017.
The job cuts would impact a number of its divisions, including personnel at its 50 branches, as the bank emphasised that the …
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GCB Bank grows total assets to maintain industry dominance
26 Mar 2024 09:23 GMT
… the financial statement of the bank released by the Ghana Stock … in 2023.
Profitability
Overall, the bank made a dramatic return from … institutions for a $3 billion bailout programme.
The DDEP was a … value loss for investors, including banks.
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Economic hardship: 31 states owe CBN N330bn salary bailout funds
24 Mar 2024 07:43 GMT
… .
The apex bank disclosed this in its Salary Bailout Facility, a … the top beneficiaries of the bailout facility included Imo, which … N46.17 billion from three banks to pay salaries between … statements of Access Bank, Fidelity Bank, and the Zenith Bank Group.
It …
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31 states owe CBN N340bn bailout funds
24 Mar 2024 00:19 GMT
… was facilitated through the Salary Bailout Facility, a strategic intervention … state governments, Deposit Money Banks, the Federal Ministry of … N46.17bn from three banks to pay salaries between … of Access Bank, Fidelity Bank, and the Zenith Bank Group.
It …
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20 Best Stocks to Buy Right Now According to Financial Media
28 Mar 2024 19:18 GMT
… The Basel Committee on Banking Supervision. The other banks in this group … global financial system by increasing bank capital ratios, transparency, and decreasing … funding (the largest “bailout”) of the U.S. banks. TARP funding was …
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Silicon Valley Bank, One Year Later
22 Mar 2024 10:00 GMT
… of Silicon Valley Bank.” At that time, the entire banking sector was … lingering concern that other regional banks would soon follow suit.
That … ago, Dimon led the bailout of Silicon Valley Bank. He twisted a …
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In Washington, Myanmar Democracy Advocates Push for a Breakthrough
27 Mar 2024 12:55 GMT
… in Germany
South Carolina Nuclear Bailout: Legislation Backs Speculative, Ill … Up with Bankwell Bank to Unveil Groundbreaking Commercial Banking Solutions on … Consulting Introduces New Offshore Banking Service for Enhanced Privacy …