"Cypriot authorities have notably taken further action to reform the cooperative credit institutions sector and have set out a clear agenda to restructure and recapitalize
other financial institutions."
Proceeds of the mezzanine loan are being used to recapitalize
the portfolio as part of New York Life Insurance Company, Dekabank Deutsche Girozentrale, Munchener Hypothekenbank EG, Westdeutsche Immobilienbank AG, and Wells Fargo's extension and modification of the $678.8 million senior financing on the portfolio.
"We welcome Spain's action to recapitalize
its banking system and the commitment by its European partners to provide support", said Geithner in a statement.
A decision taken last year to recapitalize
the eastern Caribbean operations of the collapsed British American Insurance Co.
Summary: The European Union has agreed that around 100 billion euros ($136.9 billion) is needed to recapitalize
the European banking system, but splits remain before a high-profile summit Sunday over how to strengthen the eurozone's bailout fund.
This month Credit Union Times reached out to readers to see how many were willing to recapitalize
their corporate/primary corporate.
US regulators are drawing up rules that would make it easier for private equity firms to acquire troubled banks, aiming to free up more funds to recapitalize
The market was also helped by expectations that a set of measures to recapitalize
"We will win the war on terrorism, take care of our airmen, and recapitalize
the Air Force.
He is, however, looking for investors to recapitalize
the 30-year-old company.
The point is not so much that monetary policy was left "pushing on a string" since the Bank of Japan could still affect expectations in part through a commitment to quantitative easing (Lessons 7 and 8)--rather, the point is that the Bank of Japan could not encourage more responsible lending behavior by the banking system until the Financial Supervision Agency did its job and made the banks write off bad loans and recapitalize
. Providing ample liquidity to the banking system probably prevented undesirable payments difficulties, but did nothing to make bank behavior worse.