However, the committee did acknowledge that the Treasury had managed to cut the public purse's exposure to bank guarantee schemes in the wake of the credit crunch, and was doing better at holding on to key staff.
BBC: Treasury attempts to boost lending have 'failed', MPs say
They would also like to see a joint bank deposit guarantee scheme and a fund for winding down banks.
She said that those clamouring for Germany to "pour billions into eurobonds, stability funds, European bank deposit guarantee funds" wanted a quick crisis fix that was unsustainable.
The lawsuit named Community Bank of Northern Virginia and Guarantee National Bank of Tallahassee, which were involved in originating the loans, as well as PNC Financial and GMAC (now Ally Financial), who were accused of buying the loans with knowledge they had illegally high fees rolled into them.
FORBES: Class-Action Foodfight Goes Back To Judge For 2nd Try
And the company gets its money far more cheaply, even after paying the Bank for its guarantee.
Elsewhere in the world, the United Arab Emirates Australia and New Zealand all moved to guarantee bank deposits.
In February MEPs voted to increase the amount of money given by the EU to the bank as a guarantee for these loans.
Sweden's prime minister, Fredrik Reinfeldt, said Monday that the country would guarantee bank deposits and was considering raising the threshold of deposits eligible for guarantees.
Creating a European equivalent of the FDIC -- through a banking union -- would pool the eurozone's insurance to guarantee bank deposits, and thus reassure investors.
He graduated in 1975, but instead of turning to his father, he says, he persuaded several wealthy Ecuadorians to guarantee bank loans on his behalf to buy real estate.
When the U.S. Treasury and Federal Reserve Board decided to guarantee bank debt and inject capital into our major banks, it started a chain reaction in several sectors of the bond market.
Yet the ECB only wants the job if it gets new powers, and access to funds, to restructure and wind down ailing banks, all backed by a credible system to guarantee bank deposits.
To offset any default, 5 percent of the loan is deposited at a bank as a guarantee, and a solidarity group of five to eight households is formed to share responsibility for the member's loan repayments.
All of the other ELA debt was contracted under the Facility Deed which according to the Anglo Irish Bank Annual Report 2010 is an unsecured loan facility guaranteed by the Minister for Finance who separately benefits from a counter indemnity from the Bank should the guarantee be called upon.
Another quasi-government security is a bank bond with a guarantee from the Federal Deposit Insurance Corp.
It is also the result of a federal guarantee of bank notes sold to the public at subsidized rates of interest.
Last week he lectured parliament, unsuccessfully, about the moral hazard of its plan to offer an unlimited state guarantee for bank deposits.
Tiny Ireland, with its oversize banks, has just augmented its insurance scheme by giving a blanket government guarantee to bank deposits and liabilities.
However, there was increased confidence after strategic measures by regional governments, including the United Arab Emirate's guarantee on bank deposits and Qatar's moves towards supporting its banking system.
The Indonesian Bank Restructuring Agency (IBRA) took over BCA's management on May 28 and assured everyone that the new government of President Bacharuddin Jusuf Habibie will continue to guarantee all bank deposits.
Deby bought the arms despite an ingenious structure that the World Bank set up to guarantee that oil-related revenue would be spent on social needs instead of on weapons and the military.
When the 2008-09 global economic crisis disclosed the weakness of many Irish bank loans--what Warren Buffett calls swimming naked when the tide goes out--the Irish government decided to guarantee all bank depositors and pay withdrawals from new debt.
He said that the Bank of England's scheme should persuade both banks and FSA to lighten up: the mere existence of the Bank's new guarantee that easy money is available to banks should lead to an opening of the lending valve.
REYKJAVIK, Iceland - Iceland's biggest bank received an emergency loan from Sweden on Wednesday, and Britain said it would guarantee deposits in an Icelandic bank's online unit as the financial crisis engulfing this tiny Nordic nation showed no sign of easing.
That's why a low leverage ratio is not a guarantee that a bank is safe.
Aspirations to move towards harmonised deposit-guarantee schemes and bank-resolution mechanisms cause even more alarm.
ECONOMIST: Plans for common supervision could easily turn messy
At the same time, the German government said it would guarantee all private bank accounts.
The term of the loan guarantee to the bank RBS expires on 1 April this year.
Ten days short of the deadline a banker at ICICI Bank agreed to provide the guarantee, accepting Atul's word as collateral.
Also, on the other side of the world, the governments of Australia and New Zealand have announced a blanket guarantee of all bank deposits.
应用推荐