Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency warned on Wednesday.
In its latest critique of the Treasury Department’s handling of the Troubled Asset Relief Program, or TARP, the Congressional Oversight Panel said smaller banks [...]
Posts Tagged ‘real estate investment’
Bailed-out small US banks face takeover risk -panel
July 14th, 2010 by Financial Writer
Tags: banks, commercial real estate, economic, financial crisis, real estate investment, taxpayers, us, us economic, us government, us treasury, wall street
more...Dubai seeks debt delay, some units cut to junk
November 25th, 2009 by Financial Writer
Dubai said on Wednesday two of its flagship firms planned to delay repayment on billions of dollars of debt as a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate’s breakneck growth.
The sudden move by the Gulf government led Standard & Poor’s and Moody’s Investors Service to deeply downgrade several government-related entities. [...]
Tags: debt delay, dubai, global credit, islamic, real estate investment
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