Your English writing platform
Discover LudwigExact(5)
The credit rating agency estimated the recapitalization needs of Spanish banks at €40 billion to €50 billion, adding that the amount could rise to as high as €120 billion "in a more stressed scenario".
"There are rumors flying all over the place on how big the recapitalization needs to be — from 100 billion to 400 billion euros," said Christopher Orndorff, who helps oversee global fixed-income investments at Western Asset Management.
But he declined to put any figure on the euro zone's bank recapitalization needs or to say whether he would propose the use of the euro zone's common bailout fund to help with the task.
Sooner rather than later, a TARP-2 will become necessary, as the recapitalization needs of U.S. financial institutions will likely be well above $1 trillion.
Furthermore, the condition of the Hoover Building is deteriorating, and [General Services Administration] assessments have identified significant recapitalization needs".
Similar(55)
It's not clear, though, that the governments yet have the stomach to force through the immense recapitalizations needed.
Fiat is ready to pump another one billion euros into a Fiat Auto recapitalization if needed, Chief Executive Giuseppe Morchio Giuseppe Morchio said on Friday.
None needed recapitalization or government guarantees.
Padoan has more recently created an imaginative public-private partnership to finance a desperately needed recapitalization of Italy's banks.
It said it would not identify individual banks that might need recapitalization, as that remained the responsibility of national governments.
Sweden formed a new agency to supervise institutions that needed recapitalization, and another that sold off the assets, mainly real estate, that the banks held as collateral.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com