It said it was aware of the issues facing the group but it was not insolvent at the moment.
The FSA said it was aware of the issues facing the group but it was not insolvent at the moment.
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Neither Merrill Lynch nor Bear Stearns filed for bankruptcy but were arguably illiquid if not insolvent at the time of their acquisition.
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For its part, Venture claims Peguform was not insolvent, and so its executives saw no need to disclose the Hermes action to the bank syndicate.
The company insists that it is illiquid, not insolvent, but the size of the loan suggests that its problems go beyond a short-term cash crunch.
The most intriguing possible, but not yet verified, reason is audit firms were told by the Federal Reserve Bank and the Treasury to stand down and not issue going concern qualifications for insolvent institutions, not warn shareholders, not raise their arms and wave for fear they would spook the markets.
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In a hearing before the European Parliament, he defended the ECB's decision, saying the central bank was only acting within its mandate not to fund insolvent financial institutions.
Why should depositors of an insolvent bank not bear such losses, or large depositors not bear the bulk of them?
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And they are not completely free to let insolvent companies go under: the government fears rising unemployment.
And Albion Rovers boss Paul Martin said his side should not be playing "an insolvent club" in the Co-op Cup.
Japan's banks began to fail in 1991, but a mechanism for taking over large, insolvent banks was not set up until 1998.
The Fed needs to be sure it does not become a crutch for insolvent financial firms, distorting credit allocation and risk taking.
However, after Morgan and his associates examined the banks books, they determined it was insolvent, and did not intervene.
When AIG became insolvent, that insurance did not look too secure.
"The major banks in Taiwan aren't insolvent, although they are not as strong as they appear on paper, " says Deborah Schuler of Moody's in Hong Kong.
Insolvent banks -- defined not by stress tests, but as those that cannot fund themselves in the private market -- will be taken over by the FDIC.
Without freedom to act, or to not act, believe, or not believe, the moral basis is rendered insolvent.
Into this plain-vanilla trust, Raymond and Arline gifted the bulk of their assets not so much as to render them technically insolvent, but a goodly amount.
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Still not enough: By September 2000 WaterHealth was almost insolvent again.
The savers of Northern Europe do not have a mutual economic interest in bailouts with the insolvent peoples of the south.
There is a second fascinating question too: how and when does it become clear that markets are stressed not for mad irrational reasons but because banks are in fact insolvent or bust?
Unless the U.S. federal government can get a handle on its deficit and begin reducing its debt burden, financial analysis would suggest that the U.S. will not be able to pay back its debt ultimately rendering it insolvent.
About the troubles that rendered banks insolvent, the authors point out that this was decidedly not a function of deregulation.
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The Deposit Insurance Corporation would not have the power to investigate banks and shut down those it deemed insolvent.
Even more worryingly, Argentina's current policies do not grapple with its core problems a bankrupt state and an insolvent financial system.
That debt was made to disappear temporarily so that at the end of the quarter Lehman would not appear to investors, counterparties, regulators and rating agencies as a firm about to become insolvent.
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