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The water was simply too strong, climbing farther off the banks than anyone had thought possible.
If the second tap is turned off, the banks could run out of cash in days.
Will the European Central Bank make good on its threat to cut off the banks?
But the bad assets that the state took off the banks' hands eventually turned a small profit.
Mr. Uzel finally paid off the banks in April with a loan from his brother-in-law.
With the help of a rights issue, he was able to pay off the banks to whom Fiat had owed €3 billion.
Similar(18)
If these paid off, the bank would benefit.
Or they can sell the house, pay off the bank, and pocket a little money.
It took about one and a half years to pay off the bank loan.
Staley joined Barclays in December and set about selling off the bank's operations in Africa.
However, it seems more likely that the Government will end up selling off the bank bit by bit, potentially closing down parts of the business along the way.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com