Sentences with phrase «bad loans on their books»
Richard X. Bove, an analyst with Punk, Ziegel & Co., called the plan «yet another idea to drive funds away from the markets,» adding that «the concept of forcing banks to keep bad loans on their books violates every precept of regulation in American banking.»
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Elsewhere, the European Central Bank has decided it would not demand Italian lender UniCredit to book more write - downs on its bad loans than those already scheduled, according to Reuters.
An economist at Oxford Economics recently told a Sydney audience that «Chinese authorities were understating the extent of bad loans on their banks» books and faced tough choices in dealing with the potential bank failure.»
You can see the size of our loan book and bad debt rates on our statistics page.
The book reveals how commercial banks that ostensibly lost money on bad loans to Third World governments in reality lost very little because, since 1982, Northern taxpayers have contributed between $ 44 and $ 50 billion in tax relief on bank provisions and «losses».
The company has a large amount of bad loans still on the books today, and they are trying to stay solvent by dumping this bad debt practice.
In 25 years or so a large number of student loans will be written off which will look bad on the books for the government of the day but present day politicians don't care about that.
In addition, the situation in Europe is more fragmented than in the U.S. with European countries applying different mandates on how they are going to approach their bad book of loans, notes Nicoletti.