accountcapitalize so-called bad banks, which would purchase assets from financial institutions in exchange for cash and equity...
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BAD BANK
A bad bank (also called a collection bank) is a specially chartered bank that acts as a self-liquidating trust and is chartered by a bank holding company to hold all non-performing assets owned by a federally insured bank. This transfer of bad loans improved the asset quality of the seller. In the current economic climate many countries are looking into the use of the bad bank as a means of recovery.
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NEW YORK, Jan 13 (Reuters) - Citigroup Inc, (C.N The bad bank assets would stay on Citigroup's balance sheet, but could...
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