Posts Tagged ‘lender’

‘They Were Traumatized’: How a Private Equity-Associated Lender Helped Precipitate a Nursing-Home Implosion

The day Charlie Kukuczka’s 94-year-old mother, Agnes, was abruptly uprooted from the Atrium Health and Senior Living facility outside Weston, Wisconsin, nobody from the nursing home contacted his family. “A lot of people were shoved around like old shoes,” recalled Kukuczka. “They were traumatized. They didn’t tell them where they were going. They just woke […]

Greek shipping still coming to terms with the sale of lender

Greek shipping is still coming to terms with the takeover of its largest lender. The swift buyout of troubled Credit Suisse by compatriot bank UBS on Sunday has left many questioning the future of the enlarged bank’s shipping interests. Credit Suisse has been the largest bank financier for Greek shipping since 2016, its Greek portfolio… […]

Crypto lender Celsius Network halt all withdrawals and transfers amid market crash

Due to “extreme market conditions,” leading cryptocurrency lender Celsius Network has announced a halt to all withdrawals, swaps, and transfers between accounts. The decision resulted in a nearly 55% drop in the price of its digital token ‘CELL,’ which fell to as low as 19 cents.

Australia’s largest lender charged fees to dead clients

     Commonwealth Bank of Australia (CBA), which is the nation’s largest lender, has collected fees from customers who it knew had died, a major inquiry has heard. The inquiry was ordered by Prime Minister Malcolm Turnbull last year following a series of scandals involving financial misconduct. CBA told the Banking Royal Commission, which is the […]

Central Bank of Russia shutting down major lender

     The Central Bank of Russia (CBR) has begun closure procedures against Jugra, the country’s 30th largest bank by assets. The regulator has put Jugra under provisional administration for six months to avoid Russia’s biggest banking collapse in recent years. Under the regulator’s “financial rehabilitation program” banks under temporary administration are either absorbed by larger […]

Euro Crisis Makes Fed Lender of Only Resort

Bloomberg Sept 28, 2011 The Federal Reserve, chastised by Congress for lending money to foreign institutions such as the Central Bank of Libya, is once again the lender of last resort for banks around the world it knows little about. Three years after the collapse of Lehman Brothers Holdings Inc., money-market borrowing rates for dollars […]

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