Exact(1)
"We can provide emergency liquidity only to solvent banks and... the solvency of Cypriot banks cannot be assumed if an aid program is not agreed on soon, which would allow for a quick recapitalization of the banking sector," Joerg Asmussen, the bank's chief negotiator on Cyprus, told German weekly Die Zeit in an interview late on Tuesday.
Similar(59)
Increased clarity on banks' exposures with ready recapitalization plans if and where needed.
More politely known as a dividend recapitalization, this quick-buck ploy, entirely legal, paid out $18 billion in instant gratification to new owners last year in the U.S., Standard & Poors says.
"This is a recapitalization.
It is instead a recapitalization.
That initial recapitalization was necessary.
It also must complete a bank recapitalization.
— Quick, quick!
Yet that is exactly what this recapitalization accomplishes.
But rapid recapitalization is likely to be required.
Failing that, "the government is responsible for recapitalization," he added.
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