bailout

Nationwide Delays SMB Account To Build Bank-Switching Tool
Nationwide Delays SMB Account To Build Bank-Switching Tool
March 03, 2020  |  B2B Payments

Nationwide Building Society has pushed back the rollout of its small- to medium-sized business (SMB) account to later this year, instead wanting to focus for...

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Bankers Call For Overhaul Of RBS Fund Program
Bankers Call For Overhaul Of RBS Fund Program
March 02, 2020  |  B2B Payments

Bankers in the U.K. are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced...

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RBS Fund Takes Back £50M From Metro Bank
RBS Fund Takes Back £50M From Metro Bank
February 26, 2020  |  B2B Payments

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50...

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$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers
$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers
January 16, 2020  |  Ridesharing

A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported...

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Japanese Lenders Hinder Softbank’s WeWork Bailout
Japanese Lenders Hinder Softbank’s WeWork Bailout
December 23, 2019  |  International

SoftBank’s negotiations with Japan’s three dominant lenders to procure $3 billion as part of a $9.5 billion WeWork bailout have been hindered by lending limits,...

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SoftBank CEO Vows WeWork Blunder Won’t Happen Again
SoftBank CEO Vows WeWork Blunder Won’t Happen Again
November 06, 2019  |  Investments

SoftBank CEO Masayoshi Son calls his company’s decision to save WeWork “an exception” that won’t happen again. Last month, SoftBank extended a lifeline of $8...

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WeWork Write-Off Triggers $6.5B Loss For SoftBank 
WeWork Write-Off Triggers $6.5B Loss For SoftBank 
November 06, 2019  |  Investments

Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6), its first quarterly drop-off in 14 years and far larger than analysts’ estimates, Bloomberg...

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SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
October 16, 2019  |  Investments

SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported...

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Loan Demand Shrinks In Argentina Post-Bailout
Loan Demand Shrinks In Argentina Post-Bailout
November 09, 2018  |  Loans

After a record $56 billion bailout — and interest rates that are now close to 70 percent — loans rates are down in Argentina. According...

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