Bailout Current Affairs, GK & News
Bail-in clause in FRDI bill
The “bail-in” clause of the Financial Resolution and Deposit Insurance Bill (FRDI) has led to worries about the safety of bank deposits. It is different from a traditional bailout in which government’s money helps bank tide over the crisis. In case of a bail-in, it is the bank’s own deposits that are used to rescue ..
Topics: Bailout • Bank • Bank regulation • Banking • Deposit insurance • Deposit Insurance and Credit Guarantee Corporation • Economy • Financial crises • Financial services • Money
European Union to utilize Eurozone’s permanent bailout funds to help troubled banks
The EU leaders have decided to use the Eurozone’s permanent bailout funds to support struggling banks directly, without raising government debt. EU leaders also agreed that bailout funds could be utilized to stabilize financial markets, which implies buying government debts or bonds. These are steps that Spain and Italy desired, to curtail their borrowing costs ..
Month: Current Affairs - June, 2012
Topics: Bailout • Debt • Decades • Economy • European debt crisis • European Union • Eurozone • Eurozone crisis • Government debt • History by period