PYMNTS-MonitorEdge-May-2024

bailout

SoftBank Abandons WeWork Deal; Lawsuit Likely
SoftBank Abandons WeWork Deal; Lawsuit Likely
April 01, 2020  |  Investments

SoftBank finally pulled out of its $3 billion deal to purchase office sharing startup WeWork, after murmurs of such last month amid the fiscal turmoil...

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Banks Will See Windfall From SMB $350B COVID-19 Bailout
Banks Will See Windfall From SMB $350B COVID-19 Bailout
April 01, 2020  |  SMBs

Financial institutions stand to make billions from the $350 billion coronavirus bailout package for small and medium-sized businesses (SMBs), according to a Financial Times (FT)...

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Fed Looks To Small Banks To Bail Out SMBs
Fed Looks To Small Banks To Bail Out SMBs
March 25, 2020  |  Coronavirus

The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and...

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WeWork To SoftBank: Hold Up Your End Of Our Deal
WeWork To SoftBank: Hold Up Your End Of Our Deal
March 23, 2020  |  Investments

An agreement between SoftBank and WeWork to bail out the latter from dire fiscal strife may be about to fall apart as SoftBank reportedly is...

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Peer-To-Peer Lenders Seek BoE Bailout
Peer-To-Peer Lenders Seek BoE Bailout
March 23, 2020  |  Coronavirus

Peer-to-peer (P2P) lending platforms in the U.K. are asking the government for help to continue lending after the coronavirus has ravaged markets around the world,...

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Most UK Retailers Too Small To Get Bailout Loans, Group Says
Most UK Retailers Too Small To Get Bailout Loans, Group Says
March 19, 2020  |  Loans

The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based on credit ratings...

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Airlines Worldwide Will Need Billions In Bailout, Group Says
Airlines Worldwide Will Need Billions In Bailout, Group Says
March 18, 2020  |  Coronavirus

The global airline industry, struggling as the world is on lockdown with the spreading coronavirus, is increasingly turning to governments for financial aid. Without it,...

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ICICI Bank To Bail Out India’s Yes Bank
ICICI Bank To Bail Out India’s Yes Bank
March 13, 2020  |  Banking

ICICI Bank in India has announced it will initiate a rescue deal with Yes Bank to the tune of up to 10 billion rupees ($135...

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India Seizes Control Of Yes Bank, Plans Bailout
India Seizes Control Of Yes Bank, Plans Bailout
March 06, 2020  |  International

The Indian government has seized control of its fourth-largest private bank as it organizes a bailout plan and temporarily limits how much depositors can withdraw,...

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