Troubled assets

Troubled assets

In context of the Troubled Asset Relief Program, the term “troubled asset” is defined as:
(A) Mortgages, mortgage backed securities, and instruments derived from these that were originated on or before March 14, 2008, and
(B) Any other financial instrument the purchase of which is necessary to promote financial market stability.
References in periodicals archive ?
SOCAR acquired the plant from Aqrarkredit non-bank credit organization [which also manages the troubled assets of the International Bank of Azerbaijan], to which the plant was transferred by decision of the Azerbaijani Cabinet of Ministers as a debt to state organizations.
It added that Spanish banks would quickly dispose of troubled assets, helping them to improve their asset quality.
Sberbank and Pravo.ru are launching the Bankro.TECH service, which will make it easier for creditors, banks, tax inspectors and other specialists to work with troubled assets.
It will be taught by employees of Sberbank's Troubled Assets Department.
NEW YORK: Citigroup posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high.
RBS is to create the internal division to manage PS38billion of troubled assets, avoiding a full split of the company.
Greek banks will have to isolate their troubled assets from the rest to help build the trust of investors and depositors, put an end to doubts and make a fresh start.
Jeff Flake (R-Ariz.) is described as voting for the Troubled Assets Relief Program.
The government's hailed TARP program helped Mega Banks and Huge Corporations by buying their Troubled Assets - this innovative program by BMS is designed to help the small to medium sized businesses of all industries by buying their troubled assets and inventories.
(20) The legislation mandated audits of Treasury TARP programming, in which SIG TARP must list and estimate the total amount of troubled assets purchased by the Treasury Department.
"Give a little credit to the strategy put forward by the government: keeping interest rates low and giving lenders some flexibility to hold these troubled assets on their books for a while," Dan Fasulo, RCA's managing director, said.
But they said, don't worry about it because it's all backed up--get this one--by $50 billion in troubled assets inherited from failed institutions.