Search Results for 'Lifeline'

European Banks Rush to Grasp Lifeline

Hundreds of euro-zone lenders took out €489.19 billion ($640 billion) in low-interest loans from the European Central Bank on Wednesday, as the currency area extended a massive financial lifeline to its struggling banking industry. [...]

Posted On : Dec, 22 2011 | Comments : 0

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Pe...

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative finan [...]

Posted On : Apr, 01 2011 | Comments : 0

Bank of America Gets $138 Billion Lifeline for Merrill Losse...

Bank of America Corp was rescued by the U.S. government on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets to cushion the blow from a deteriorating balance sheet at Merrill Ly [...]

Posted On : Jan, 16 2009 | Comments : 0

IMF's new lifeline for emerging markets

The International Monetary Fund is drawing up emergency plans for a new short-term loan facility for governments facing a cash squeeze as a result of the turmoil in the world's financial markets. Iceland is already in line for a $2bn IMF b [...]