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Word: bankes (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Usage:

...Brown and Darling gathered on Monday to unleash a slew of new schemes, the stakes for the Prime Minister - and the British economy as a whole - could scarcely have been higher. Central to those plans is the creation of a bumper insurance scheme that will permit banks to buy cover against losses on bad loans in the hopes that this will encourage banks to start lending to Britain's cash-strapped companies and consumers. Also announced: a $74 billion scheme allowing the Bank of England - Britain's lender of last resort - to buy high-quality assets directly from financial institutions...

Author: /time Magazine | Title: Gordon Brown Rescues British Banks — Again | 1/19/2009 | See Source »

...Clearing access to credit for banks, firms and consumers is crucial. Interest rates may be at their lowest since the Bank of England was created more than 300 years ago, and the banking industry may have already received $55 billion in government money, but nervous British lenders are simply not lending enough. The result: British GDP will tumble 2.7% this year, Ernst & Young forecast on Monday, the biggest drop since 1946. "Without additional government intervention," it added, "a deep recession could evolve into a depression...

Author: /time Magazine | Title: Gordon Brown Rescues British Banks — Again | 1/19/2009 | See Source »

...other words: further nationalizations. Three months after it pumped $30 billion in emergency capital into the beleaguered Royal Bank of Scotland, the government on Monday upped its stake in the bank to almost 70% in order to help boost its lending capability. The timing could hardly have been worse: the bank announced on Monday that its losses for 2008 could be as high as $41 billion - by some stretch the biggest loss in British corporate history. Much of that loss is due to RBS's ill-timed acquisition of Dutch lender ABN Amro in 2007. "Yes, I'm angry...

Author: /time Magazine | Title: Gordon Brown Rescues British Banks — Again | 1/19/2009 | See Source »

...FDIC stepped up to the challenges it faced in 2008," says Robert Hartheimer, former director of the Division of Resolutions at the FDIC and a banking consultant in Washington. "I am encouraged going into 2009 that they will effectively perform their mission in what is likely to be a very busy year for failures and bank weakness...

Author: /time Magazine | Title: Can the FDIC Handle Its Growing Job? | 1/19/2009 | See Source »

...same time that the FDIC is drawing kudos for advocating for troubled borrowers, it is struggling with the higher expenses of doing business as the nation's bank dealer of last resort. And the rising cost of failures puts ever more pressure on the FDIC's insurance fund. In the first nine months of 2008, the fund had to pay out nearly $18 billion to depositors of failed institutions. At the end of the third quarter, the fund stood at $34.6 billion, down 34% from the end of 2007 to its lowest level since...

Author: /time Magazine | Title: Can the FDIC Handle Its Growing Job? | 1/19/2009 | See Source »

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