Bankrupt Banking

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25 Years of tenge

China Daily 14 Nov 2018

receiving of investment ratings, early return of the debt to the International Monetary Fund, crises and desolations, bankrupting of banks and the banking sector consolidation, phases of growth that predominated crisis periods ... Август 2015 can be taken as a starting point, when the essential changes in National Bank monetary policy were made....

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Opinion: Budgets are for the simple-minded — here’s a better way to save money

Market Watch 13 Nov 2018

Here’s the problem with budgets. People often interpret them a little too rigidly ... She stood there and said, “I can’t afford my groceries,” because she went over her budget by $20 ... Lehman went bankrupt, my stock vaporized, my income disappeared, and I had to start from zero. But I had a seven-figure bank account from what I had saved in the good years....

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Agribank squashes bankruptcy rumors

The Saigon Times 12 Nov 2018

HCMC – Vietnam Bank for Agriculture and Rural Development (Agribank) said in a statement on November 11 that recent rumors about its bankruptcy in some localities are untrue. Agribank also confirmed that the insolvency of its finance leasing company ALC II does not affect the operations of the bank or its clients’ deposits....

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OccupyGhana Demands Action To Stop Illegal Deposit-Taking

Peace FM Online 12 Nov 2018

Ghanaians have the right to demand that the Bank takes the steps set out by law and apply the sanctions provided for breaches ... The law adds that a person who fails to do these is deemed to be bankrupt and that the Bank may apply to court for the winding up and sequestration of the estate of that entity and its human agents, actors and controllers....

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Why the RBI is so protective about its contingency fund?

Yahoo Daily News 12 Nov 2018

To revive it, the government first needs to recapitalise the bankrupt banks and NBFCs (non-banking finance companies) mostly barred from lending till they correct their balance sheets by recovering their loans ... This fund belongs to the central bank. As the name suggests, it is for unexpected, unforeseen expenditures too, but those faced by the bank....

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Sole purpose is to defeat BJP: Yechury

Deccan Herald 11 Nov 2018

Addressing the media at Raipur Press Club, Yechury said his party would work in the state to defeat the BJP ... Raking up issues of bad loans, farmer deaths and unemployment in the country, Yechury said that there is pending loan of Rs 11 lakh crore in the banks. And added that farmer deaths in the state will bankrupt Chhattisgarh ... Sitaram Yechury ... ....

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Mathabatha wants VBS to be saved, vows action against those implicated

Independent online (SA) 07 Nov 2018

Polokwane - Limpopo Premier Stan Mathabatha says his province is lobbying for the bankrupt Venda Building Society bank to be saved ... In the report, which was commissioned by the SA Reserve Bank, it was found that 53 people received various illegal payments from VBS over a number of years....

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Worst cases of wasted tax revenue in Germany revealed

Xinhua 06 Nov 2018

BERLIN, Nov ... The focus of this year's Black Book is the "explosion of construction cost" for public construction projects ... The bank went bankrupt in 2008 and had to be saved twice by the government since then. In 2018, the bank was finally sold to American investors which led to total losses of at least eleven billion euros ... ....

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China's Chengtong in talks to buy a Moscow hotel from VTB

This is Money 06 Nov 2018

By Olga Sichkar ... dollar. As a result, some of the real estate developers went bankrupt, some - like Hals - were taken over by their creditors. VTB, Russia's second-biggest bank, took Hals over in 2009 in exchange for restructuring its debt ... The bank plans to sell Hals after recovering the company's debts, Kostin has said ... Hals declined to comment ... ....

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Opinion | RBI is from Mars, finance ministry is from Venus

Live Mint 05 Nov 2018

exempting severely indebted power companies from the 12 February circular which identified them as bankrupt; dilution of lending norms for a bunch of fiscally vulnerable public sector banks to extend credit to the cash strapped small scale sector; and, transfer of accumulated RBI reserves to the Union government to bridge its fiscal deficit gap....

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IL&FS Crisis: Adopting Mini TARP Would Aid Investors, Harm Cronies

Yahoo Daily News 02 Nov 2018

Video Producer. Anubhav Mishra ... Cash ... The US Treasury resolved to buy $700 billion of distressed assets or pump cash directly into bankrupt balance sheets. $245 billion was given to banks; $70 billion to the insurance giant, AIG; $80 billion was used to rescue auto companies like GM and Chrysler; the rest was given to a clutch of endangered entities ... ... ....

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Car owned by daughter of former Sean Quinn manager targeted in arson

BBC News 31 Oct 2018

"It is grossly unacceptable that criminals who threaten the lives and wellbeing of staff on both sides of the border continue to operate with impunity," he said ... His business empire collapsed after Mr Quinn made a disastrous investment in Anglo Irish Bank. He lost control of his business empire and was declared bankrupt in 2012 ... Related Topics. ....

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The Barclays Shiller CAPE ETN

Seeking Alpha 31 Oct 2018

ETNs do not own any of the underlying assets, instead, it's merely an IOU from the bank or issuer saying "we agree to pay you the starting value of this note + any changes in the index tracked". An ETN is considered an unsecured debt obligation, meaning that if the issuer ends up bankrupt, you could lose your investment....