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But its 4.2 billion euros of uninsured deposits will be kept in the remaining bad bank and converted into equity.
A bailout that sops up many of the remaining bad bank assets presents a host of practical and political difficulties.
It has since been pressing home its advantage, leaning on the banks to accept huge injections of public funds to write off their remaining bad debts.
Swap the Swiss for soy cheese, and you've deputized the remaining bad boy; the good times are all gone from the plate.
In fact, all of Japan's banks have been underinvesting in technology for several years, and are likely to continue to do so for several more, as they write down their remaining bad debts.
First, it still has around $250 billion of unwanted assets in Citi Holdings, almost half of which is composed of the bank's remaining bad mortgages and the rest a collection of nonbank lending businesses mostly accumulated by one of Mr. Pandit's predecessors, Sanford I. Weill.
Similar(43)
In September 2000 WorldCom took a charge of $685 million to write off bad receivables and has a remaining bad-debt reserve of $1 billion against $6.3 billion in gross receivables.
Turkey Twizzlers remain bad news.
Some 10% of bank loans remain bad.
Some say that unmarried parents remain bad for children.
It would encourage bad manufacturers to remain bad and good manufacturers to become lax.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com