News tagged with “toxic assets”. Found:
45 tagged news reports.
Your Search Returned 45 tagged news reports
Lloyds to pay £2.5bn to avoid Government scheme
Gloucester :: United Kingdom | about 1 month ago
Credibility
Lloyds Banking Group will pay the Government £2.5bn to avoid a taxpayer-backed insurance scheme for toxic debts, it emerged today. The bank - which is 43 per cent owned by the taxpayer - is paying the fee for the implicit guarantee given to £260bn in...
Tags: Lloyds Banking Group, Lloyds TSB Scotland, Asset Protection Scheme, assets protection, toxic assets, assets insurance
Government Makes First Foray Into Buying Toxic Assets
Washington :: DC :: USA | 2 months ago
Credibility Administration officials said the program could eventually expand to $40 billion, a fraction of what was initially envisioned by the Obama administration...The fund is then eligible for even more funding in the form of a favorable government loan. While...
Tags: toxic assets, Public-Private Investment Funds, Treasury Department, US Treasury
Head of toxic asset scheme named
London :: United Kingdom | 2 months ago
Credibility Mr Wilcke was named as chief executive of the Asset Protection Agency and will take up the post on 28 September. The Asset Protection Scheme was launched in February to restore confidence to the banking sector. In return for an insurance premium, it guarantees...
Tags: toxic assets, assets protection, private equity, Asset Protection Scheme, equity boss, Treasury, Mr Wilcke, United Kingdom, London
Lloyds meets Treasury over toxic scheme
London :: United Kingdom | 2 months ago
Credibility Lloyds and HM Treasury are discussing possible changes to the commercial terms on which Lloyds might enter into the government Asset Protection Scheme (APS) from those announced in March 2009, including the possibility of reducing the amount of assets...
Tags: Lloyds, Blackstone Group LLP, London, HM Treasury, U.K. Treasury, toxic assets, assets protection, lloyds banking, chief executive, joint venture, United Kingdom
Cost cuts boost Heineken profits
London :: United Kingdom | 3 months ago
Credibility Net profit for the first six months of the year came in at 489m euros ($699m; £429m), up 20% from the same period in the previous year. Beer sales excluding acquisitions fell 6.6%, the company said. Heineken said its cost-cutting programme had yielded...
Tags: Natixis, toxic assets, Heineken, net profitability
The Deal: Banks are still intoxicated
Lisbon Falls :: ME :: USA | 3 months ago
Credibility Treasury Department took a sobering view of some of its programs to clean up toxic assets on bank's balance sheets in The Congressional Oversight Panel's monthly report . Conclusions drawn from the report: More detox programs are needed to take toxic...
Tags: balance sheets, toxic assets
Toxic assets--a primer
Tuesday, August 11, 2009 by Biodun Iginla, BBC Senior News Analyst The term "toxic asset" is a nontechnical term used to describe certain financial assets when their value has fallen significantly and when there is no longer a functioning...
Watchdog says bad assets still threaten banks
Tarp :: Germany | 3 months ago
Credibility Despite signs that the financial system has stabilized, banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, a congressional watchdog reports. In its latest assessment of the...
Tags: U.S, toxic assets, balance sheets, troubled assets, Congressional Oversight Panel
MSN Money: FDIC launches test of toxic assets sale program
Washington :: DC :: USA | 4 months ago
Credibility Federal Deposit Insurance Corp is launching the first test of its Legacy Loans Program to help banks rid their balance sheets of toxic assets so they can raise new capital and increase lending, the agency said on Friday. U.S. banks and acts as the receivership...
Tags: toxic assets
9 firms to run toxic assets program
Washington :: DC :: USA | 4 months ago
Credibility Financial regulators on Wednesday tapped nine financial firms, including some of the biggest names on Wall Street, to help run a government program aimed at cleaning up the books of the nation's banks. Among those selected to serve as asset managers of...
Tags: Treasury Department, U.S. Treasury, Treasury Picks Nine, toxic assets, assets managers, invested managers, Angelo Gordon & Co., backed securities, treasury picking
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