Switzerland speeds up work on liquidity backstop after Credit Suisse crash
BERN (Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse received access to in …
backstop
Explainer-What is the FDIC’s deposit insurance fund used to backstop failed banks?
By Hannah Lang (Reuters) – The Federal Deposit Insurance Corp (FDIC) and its flagship deposit insurance fund have been active since the Great Depression to …
UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News
(Reuters) – UBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG, Bloomberg News reported …
Fed’s new banking backstop could slow balance sheet drawdown
By Michael S. Derby (Reuters) – The two recent U.S. bank collapses and the Federal Reserve’s new lending program that was launched to prevent wider …
Blackstone offers backstop to lure University of California in redemption-stricken REIT
By Chibuike Oguh (Reuters) -Blackstone Inc on Tuesday said it had secured a $4 billion investment from the University of California in its unlisted real …
‘A Valuable Backstop’: California Turns To Jet Fuel-Burning Power Plant To Keep The Lights On
‘A Valuable Backstop’: California Turns To Jet Fuel-Burning Power Plant To Keep The Lights On Jack McEvoy on September 1, 2022 California’s Independent Systems Operator …
Explainer-China UnionPay, Russia’s potential payments backstop
By Selena Li HONG KONG – Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that …
Swiss gov’t proposes public liquidity backstop for big banks
ZURICH – The Swiss government wants to set up a new backstop allowing the provision of state-guaranteed cash should one of the country’s big banks …