bailout Archives - Financial Mirror

Swiss efforts for financial stability ‘raise risks’

Switzerland’s wealthy and diversified economy, strong fiscal position, and low public debt ratio provide buffers to withstand a substantial shock in excess of the explicit support the government has offered to UBS

21st March 2023

Markets/World

Another hugely important weekend

By Craig Erlam It’s been another lively start to the week following a busy weekend in which Swiss authorities had been working tirelessly to complete the sale of Credit Suisse and avoid

20th March 2023

Markets/World

Banking crisis could prove ‘good for markets’

The banking crisis that spooked investors and sent shockwaves around the world could ultimately be beneficial for financial markets, the CEO and founder of a leading financial advisory and fintech said on Monday

20th March 2023

Markets/World

No bailout for SVB, says Yellen

Treasury Secretary Janet Yellen said on Sunday that the U.S. federal government will not provide a bailout for Silicon Valley Bank’s investors after the bank was abruptly shuttered, but said financial regulators are “concerned”

13th March 2023

Markets/World

Post-bailout report says Cyprus GDP growth to slow

Cyprus’ public finances have improved due to increased GDP growth, although they are expected to be adversely affected by a projected slowdown, according to the EU’s 13th Post-Programme Surveillance Report. In the

6th December 2022

Cyprus/Europe

COVID19: Hospitality sector will ‘perish’ without generous bailout

Cyprus’ hospitality sector says it’s facing bankruptcy following the government’s decision to close restaurants, cafes, and bars in a bid to reduce the second wave of coronavirus. As of Friday, restaurants, pubs,

10th December 2020

Cyprus/Economy

Cyprus considers saving TUS Airways

Cyprus is looking into whether it can throw an €800,000 lifeline to private Cypriot airline TUS Airways after the ailing company requested a state bailout. Confirming that TUS Airways asked for a

15th September 2020

Business