Tag: bailout
creditors and shareholders provide broad support for the bailout plan
The entrance to a Casino store, in Ploubalay, in July 2023. DAMIEN MEYER / AFP The creditors and shareholders of the distribution group in great difficulty, called upon to decide…
Italy derails reform of eurozone bailout fund
Italian MPs rejected on Thursday December 21 the ratification of the revision of the European Stability Mechanism (ESM). Italy therefore remains the only state in the euro zone to block…
Kretinsky wants Casino to sell its department stores before its bailout, source says
(Reuters) – Czech billionaire Daniel Kretinsky has pressed Casino management to sell its biggest stores as part of the “lock-up” agreement signed in October, a source close to the matter…
Pakistan lands $3bn IMF bailout
Published on 06/30/2023 at 4:42 p.m. by Asif Shahzad LAHORE, Pakistan, June 30 (Reuters) – Pakistan on Friday secured a $3 billion (about…
IMF reminds Sri Lanka of commitments against corruption after bailout
A market in Colombo on March 21, 2023 (AFP/ISHARA S. KODIKARA) The International Monetary Fund (IMF) called on Sri Lanka on Tuesday not to let corruption get in the way…
Despite a major bailout, US Bank First Republic shares are in free fall
Despite a major rescue operation Stocks of US Bank First Republic in free fall 03/21/2023, 07:25 am Eleven major US banks are joining forces and want to save the ailing…
Market: Credit Suisse bailout by UBS fails to allay bank fears
by Amanda Cooper, Tom Westbrook and John Revill (Reuters) – Bank stocks and bonds fell on Monday as authorities’ orchestrated bailout of Credit Suisse along with UBS failed to allay…
Fitch Ratings: SVB, funding and liquidity remain at the heart of US bank ratings after bailout
By Claude Leguilloux Published on 03/14/2023 at 10:53 Photo credit © PivèsPictures (Boursier.com) — Fitch Ratings continues…
First Republic Bank: behind the scenes of a $30 billion bailout
First Republic Bank has been plagued for a few days by massive withdrawals of deposits which could cause its loss. MIKE SEGAR / REUTERS NARRATIVE – Eleven US banks, including…
Market: US Government Not Considering SVB Bailout, Says Yellen
by Lananh Nguyen, Pete Schroeder and Sarah N. Lynch WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Sunday she was working closely with banking regulators following the collapse of…
SVB bankruptcy: US government wants to avoid contagion but rules out a bailout
Police officers outside the headquarters of Silicon Valley Bank (SVB), on March 10, 2023 in Santa Clara, California (AFP / NOAH BERGER) The US government wants to prevent the bankruptcy…
Core Scientific: High price gains after possible bailout loan
Core Scientific presented huge losses with the last quarterly figures. The price of the company’s shares has now doubled as a result of an offered rescue loan. Source: BTC…