bailouts
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World
Your Wednesday Briefing: China’s Billions in Bailouts
China steps in with bailouts For decades, the International Monetary Fund and the United States were the world’s lenders of last resort. Now China is stepping in to provide more emergency loans to countries, including Turkey, Argentina and Sri Lanka. While China still lags the I.M.F. in terms of cash disbursed, it is catching up fast. In 2021, emergency financing…
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Economy
Banks fall again as bailouts fail to restore calm
Bank shares tumbled on both sides of the Atlantic as efforts to shore up the financial system failed to calm investor nerves. After a brutal week on markets around the world, troubled lenders in the US and Europe were on the slide once again – despite the bailouts of Zurich-based Credit Suisse and San Francisco-based First Republic. That rescue package…
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