At the end of October Hypo officially turned into a bad bank called Heta Asset Resolution which should wind down about EUR 18 billion of toxic assets
The City was also cheered by an update on the lender's internal bad bank - set up to dispose of toxic assets
Chief executive Ross McEwan said the results showed the underlying strength of the business, but warned there remained "bumps in the road ahead" as it continued to deal with scandals of the past and dispose of toxic assets
8billion hit it recently took to create a "bad bank" where it could hive off toxic assets
3 billion will be given out of the National Oil Fund to back the Toxic Assets
A BAD bank would buy up toxic assets
from troubled banks -- for example, non-performing loans (NPLs) -- at a discount and then try to sell any collateral for profit, if possible.
It was also part of the agreement RBS had reached in 2009 to shelter PS282 billion of toxic assets
in the government's Asset Protection Scheme.
It means Ulster Bank's toxic assets
will be ring-fenced with its parent bank's debts.
CHANCELLOR George Osborne has admitted Royal Bank of Scotland is unlikely to be re-privatised before the 2015 general election as he opted for a faster run-down of the bank's toxic assets
Anand Sharma, Indian minister for Industry, commerce and textiles, has said that Indian banks are not exposed to toxic assets
SeeNews) - Nov 8, 2012 - Some London-based investment funds are interested in the acquisition of toxic assets
from Spanish bad bank Sareb, if the Spanish government secures funding for such purchases, local daily Expansion said today.
If accounting rules are preventing NCUA from successfully separating toxic assets
from corporate balance sheets without realizing additional losses, the regulator has another option: remove the performing assets instead.