The RBS Rights Issue Litigation is the collective name for numerous claims brought against the ailing bank by former and current shareholders who purchased shares in the # 12bn rights issue just months prior to the bank's # 45bn
Government bail out in 2008.
The wonderful outcome of this experiment was the first run on a British bank since 1878, and a # 27bn
government bail - out.»
Did you know that not one single bank in Belize went bankrupt or required
a government bail - out during the worst of the Great Recession?
Why should
the government bail out company A and not company B?
So removing culpability from the borrower and having
the government bail them out sets a ludicrous precident.
I personally would ask «why did
the government bail out all of those banks» rather than «why didn't
the government bail out Lehman.»
Stressing that the temporary reliance of the state government on federal
government bail out funds for the payment of salaries was not peculiar to the state, the statement said many others, including those controlled by the opposition PDP, had received bailout for salary payment.
We have distracted them with talk of bank bail - ins and other financial gossip to keep their thinking off of what is actually a much more profound and necessary outcome:
government bail - ins.
He is expected to discuss the auto industry's improvement after
the government bailed out General Motors and Chrysler shortly after he took office.
The debt is mostly blamed on Irish banks, which
the government bailed out after the housing market collapsed in 2008.
While
the government bailed out Wall Street, it has failed to provide a backstop to help average Americans recover.
In September, after
the government bailed out the American International Group, the faltering insurance giant, for $ 85 billion, Mr. Paulson helped select a director from Goldman's own board to lead A.I.G.
(In response to the AIG collapse, the U.S.
government bailed out the company to the tune of $ 185 billion.
In its wake, the federal
government bailed out banks and automakers, investors lost confidence in the markets, and many questioned the viability of the financial system.
The governments bailed out the banks in September 2008, and again in various increments through the Spring of 2009.
A few years ago, when the railroads protested that they were losing money on passenger service,
the government bailed them out by forming a quasi-public corporation, Amtrak, to «socialize» their losses.
«The workers that
the government bailed out were in difficult situation because they had school fees, house rent and other bills to pay, and this bailout was aimed to reduce crime and tension because some of them could have resorted to criminal activities if not for the government's intervention,» the statement said.
Existing prediction systems failed to forecast the global crash of 2008, which led to several
governments bailing out their banks and European nations, such as Greece, Portugal, Ireland and Spain, being plunged into a sovereign debt crisis.
Anyone can see what appends when the USA
government bails out the American automotive industry and doesn't rise a single cent on gas taxes in 30 years to - at least - repair the tens of thousands bridges and millions of miles of main roads!
When AIG could not post additional collateral and was required to provide funds to counterparties in the face of deteriorating reference obligations, the U.S.
government bailed them out.
Ridley resigned, and the UK
Government bailed out the bank, leading to the nationalization of Northern Rock.
The insurer became a symbol of the U.S. financial crisis in 2008 when
the government bailed out the company for $ 182 billion in exchange for an equity stake.
Not exact matches
«If the «
bail - in» of junior bondholders is not announced simultaneously with a bailout of retail investors, the announcement likely would severely hurt the popularity of the parties belonging to the coalition
government,» Fois from Barclays said.
At the nadir of the financial crisis in early 2009, Scotiabank CEO Rick Waugh again warned that foreign competitors (freshly
bailed out by their respective
governments) could wreak havoc on Canada's Big Six.
With debts and pension obligations outweighing the company's value, it approached the
government and its lenders for a
bail - out, but failed to reach a deal.
The
government will
bail them out, and the results will mirror the enormous success of British Leyland,» wrote one respondent, referring sarcastically to the U.K. automaker that went belly up after a long decline starting in the 1970s, despite
government assistance.
Some banks weren't able to lend for a while because of TARP,» Geshwiler says, referring to the Troubled Asset Relief Program, the federal
government's program for
bailing out banks hit hard in the financial crisis.
In 2008, at the start of the financial crisis, Freddie Mac, along with its sister company Fannie Mae, was on the hook for piles and piles of unwise mortgage loans, and had to be
bailed out by the
government.
The
government stopped short, however, of
bailing out the company as it did with major banks during the 2007 - 09 financial crisis.
And GM did go bankrupt in 2009, after being
bailed out by the federal
government.
It may now be forced to default on its debt to international lenders if not
bailed out by the Russian
government.
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The move represents the first major acquisition for Britain's biggest mortgage lender, which is part - owned by the
government, since it was
bailed out during the 2007 - 09 crisis.
Romney opposed using
government money to
bail out Chrysler and General Motors, instead favoring privately financed bankruptcy restructuring.
When the city of Lillehammer could only scrounge up $ 289 million to foot the bill, the oil - rich Norwegian national
government ended up
bailing out the city with the rest of the $ 1 billion in order to avoid national embarrassment.
AIG nearly failed during the financial crisis and had to be
bailed out by the US
government.
«Wealthfront and Betterment have never been
bailed out by the
government,» he explains.
Additionally, some point to funding advantages that the biggest banks may gain for their size and market assumptions that the
government would
bail them out during another crisis, regardless of changes to the system under Dodd - Frank.
My memory is failing, was it Bitcoin or was it JP Morgan that was
bailed out by the
government?
When your entire paychecks derive from other peoples» work, and the
government is always standing in the shadows, ready to
bail out your profits with the tax dollars of actual workers, you're not a «risk taker» — you're a parasite!
After all, in the wake of the crisis many Western
governments, including France and the United States,
bailed out their financial sectors and many of their leading companies.
The same was true of a nonbank like A.I.G., which the
government wound up
bailing out just two days after allowing Lehman Brothers to fail.
The debt deal, which came on Friday after about 19 similar summits since the start of the debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European banks directly, rather than make loans to
governments to
bail out the banks.
On May 17, then, Nigel Wright was still on the
government payroll as the Prime Minister's hand - picked, cheque - writing, naughty - senator -
bailing - out chief of staff.
An economist who correctly predicted the fall in oil price this year has told CNBC that the U.S.
government could look to
bail out its energy sector in 2015 as the commodity's low price starts hitting the country's economy.
The
government is called on to
bail them out by issuing bonds, and to pay the interest charges either by raising taxes or cutting back spending programs.
The German
government has had to
bail out German banks in Düsseldorf and in Saxony — banks that had faith in the packaged mortgage debt that U.S. financial institutions and money managers were selling them.
As poverty intensifies,
governments are urged to
bail out the economy's savers at taxpayer expense, cutting back wages even while shifting the tax burden from property onto labor.
The guiding mentality of Tony Blair - style «New Labour» policy is economic loyalty to Europe's financial centers as
government spending is slashed, public infrastructure privatized and banks
bailed out with «taxpayer» burdens that fall mainly on labor.
The real purpose of this regulatory rewrite is to make sure that the
government can
bail out the banks» bondholders and even
bail out the stockholders as well as the banks themselves.