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...Tui has a total of about €2bn in credit lines provided by the WSF and the German state-owned investment bank KfW, having already repaid €2bn in state aid....
...Tui has about €2bn in credit lines provided by the WSF and the German state-owned investment bank KfW....
...Tui would have gone bust without bailouts from the likes of the Berlin economic stabilisation fund (the WSF) and the German state investment bank (KfW)....
...During the pandemic, the finance ministry granted the government the authority to borrow billions of euros for the WSF....
...These would be transferred to KfW, the state development bank, to bolster its ability to offer emergency aid to energy companies affected by the sharp reduction in gas supplies from Russia, an official said...
...He was most recently chief risk officer at WSFS Financial Corporation. Smart reads Sale pending The US government has swiftly seized a treasure trove of assets from Russian oligarchs....
...The WSF will be in effect be a “reactivation” of Soffin, a government-backed vehicle set up in 2009 to bail out troubled banks....
...The WSF will also make a €100bn loan to KfW, the German state development bank, which is providing unlimited cash to German companies facing liquidity problems as a result of the corona outbreak....
...Zenbanx accounts are insured through a partnership with WSFS Bank, the banking arm of a $6.6bn-in-assets group headquartered in Delaware....
...Accounts are insured through a partnership with WSFS Bank, the banking arm of a $6.6bn-in-assets group headquartered in Delaware....
...Related links: Bank Grεεkery, the preview – FT Alphaville Bank Grεεkery – FT Alphaville Greek-out! - FT Alphaville...
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