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LENDERS RESCUE
JPMorgan to buy embattled First Republic Bank after seizure by regulatorsJPMorgan Chase & Co has agreed to buy First Republic Bank after the regulatory authorities took over the troubled lender. JPMorgan will ass...02 May, 2023, 09.12 PM IST- JPMorgan, PNC Financial eye First Republic Bank buyout, FDIC asks for final bids by SundayJPMorgan and PNC Financial Services Group are vying to buy First Republic Bank in a sale expected soon following the troubled lender's prob...29 Apr, 2023, 12.08 PM IST
- First Republic bank to suspend dividends on preferred stockLarge U.S. banks injected $30 billion in deposits into First Republic Bank last month to rescue the lender caught up in a widening crisis t...08 Apr, 2023, 10.11 AM IST
- First Republic shares tank almost 33% despite $30 billion supportThe beleaguered lender was in talks to raise money from other banks or private equity firms by selling new shares, the New York Times repor...18 Mar, 2023, 09.22 AM IST
- Treasury Secy Janet Yellen, Jamie Dimon and Jerome Powell helped clinch First Republic deal with key lawyerThe planned rescue package was discussed by Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase & Co...17 Mar, 2023, 11.49 AM IST
- Bond, share write-offs in bank rescue acts done in depositor interest, legal: DasIt can be noted that during the Yes Bank's rescue in March this year, over Rs 7,000 crore of additional tier-I bonds were written-off, whil...04 Dec, 2020, 03.33 PM IST
- Lakshmi Vilas Bank's rescue plan lays out more creditor-friendly pathDBS’s India unit will merge with Lakshmi Vilas, unlike in Yes Bank, where the rescue investors simply took financial stakes in the bank and...18 Nov, 2020, 04.39 PM IST
- Toughest finance job in India keeps Yes Bank CEO awake at nightKumar had little hesitation in accepting the position of CEO of Yes Bank Ltd., the lender that was teetering on the edge of insolvency befo...21 Aug, 2020, 01.13 PM IST
- Private lenders may lose deposits to PSBs due to Yes Bank bailout: ReportSome private banks, particularly, small institutions may lose deposits to PSBs in the aftermath of YES crisis.14 Apr, 2020, 08.37 PM IST
- Depositors staying put is now key to India’s biggest bank rescueYes Bank’s recent “deposit flight” is a cause for concern, according to Fitch Ratings.17 Mar, 2020, 12.23 PM IST
- Biggest rescue of Indian bank will deepen lenders’ funding woesThe dramatic actions are intended to avoid a collapse of India’s fourth-largest private bank.09 Mar, 2020, 09.02 AM IST
- DHFL declines 5% after 3 consecutive sessions of gainsLenders of DHFL may meet in July first week to work out a rescue package for the debt-ridden firm.25 Jun, 2019, 03.51 PM IST
- Jet Airways crisis: SBI hopeful of resolution next weekGrappling with a debt of more than $1 billion, Jet has delayed payments to banks, lessors, vendors and staff.15 Mar, 2019, 05.21 PM IST
- Jet Airways may raise Rs 6,000 crore via share saleJet said on Thursday its board had approved a rescue deal.15 Feb, 2019, 02.13 PM IST
- Lenders find a rescue plan for stressed power assetsIn a meeting called by SBI, it was decided that the lenders will have to make investments according to their exposure in each power project.07 May, 2018, 05.04 PM IST
- Moody's lists 14 UK banks for Debt downgradeLloyds Banking Group and RBS are among 14 UK lenders whose debt Moody’s Investors Service is considering downgrading because the withdrawal...25 May, 2011, 04.41 AM IST
- Lenders agree to chalk out Dabhol rescue planBankers of Ratnagiri Gas and Power (RGPPL) have agreed to restructure the Rs 7,500-crore loan the company took in 2005 to revive the Dabhol...11 Apr, 2009, 12.26 AM IST
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