This question was closed without grading. Reason: Answer found elsewhere
Mar 17, 2010 17:36
14 yrs ago
2 viewers *
English term
Saudi Arabia
English-Arabic Financial Translator
Native in: Arabic (Variant: Egyptian)
Works in: English to Arabic, Arabic to English, Arabic, and 1 more.
Vulture Business proposition
English
Bus/Financial
Finance (general)
Bank's recovery plan
Context
=======================
The subject is a bout bank's plan to get out of its legacy problems after global financial crisis.
Accordingly, the bank shall, among other things, carry out what follows:
- Ring fence existing non-core assets and define an exit strategy for all Remedial “Leave” accounts.
- A dedicated, expert Remedial team will prevent “cross-pollution” and allow the Corporate Bank to focus on existing and new business that is profitable and sound.
- Closely supervise and track the management of NPLs through a separate Remedial Credit Committee.
- Over time, the “Bad” Bank could transform into a “Vulture” Business proposition.
=======================
The subject is a bout bank's plan to get out of its legacy problems after global financial crisis.
Accordingly, the bank shall, among other things, carry out what follows:
- Ring fence existing non-core assets and define an exit strategy for all Remedial “Leave” accounts.
- A dedicated, expert Remedial team will prevent “cross-pollution” and allow the Corporate Bank to focus on existing and new business that is profitable and sound.
- Closely supervise and track the management of NPLs through a separate Remedial Credit Committee.
- Over time, the “Bad” Bank could transform into a “Vulture” Business proposition.
Responses
14 hrs
taking over the remains of other companies or banks which have collapsed
Like a vulture picking over the carcass of a dead animal, the bank would accumulate assets, loans and clients from failed banks and businesses, probably at a very favourable rate for it and less so for the clients.
Something went wrong...