bailout

ICICI Bank To Bail Out India’s Yes Bank

ICICI Bank To Bail Out India’s Yes Bank
ICICI Bank To Bail Out India’s Yes Bank
March 13, 2020  |  Banking

ICICI Bank in India has announced it will initiate a rescue deal with Yes Bank to the tune of up to 10 billion rupees ($135...

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India Seizes Control Of Yes Bank, Plans Bailout
India Seizes Control Of Yes Bank, Plans Bailout
March 06, 2020  |  Cross-border Payments

The Indian government has seized control of its fourth-largest private bank as it organizes a bailout plan and temporarily limits how much depositors can withdraw,...

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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  |  Cross-border Payments

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. Get the Full Story Complete the form to...

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