Digital Commons Network^™

Japan: Nippon Credit Bank Capital Injection,1997, Owen Heaphy

Journal of Financial Crises

In 1997, Japan experienced a financial crisis caused by the bursting of a bubble in commercial real estate prices. By March, Nippon Credit Bank (NCB), the smallest of Japan’s three long-term credit banks, required government assistance due to its heavy exposure to commercial real estate and large amount of nonperforming loans. On April 1, the Bank of Japan (BoJ) announced the government’s intention to recapitalize NCB as part of a restructuring package. To facilitate the injection, Japan’s Ministry of Finance (MoF) engineered a consortium of large existing shareholders in NCB (mainly insurance companies) and the other two Japanese long-term credit …

Iceland: Arion Bank, Islandsbanki, And Landsbankinn Capital Injections, 2008, Ayodeji George

Journal of Financial Crises

Iceland’s three largest banks—Glitnir, Kaupthing, and Landsbanki—grew rapidly in the 2000s and failed amid depositor runs when they lost access to foreign funding markets at the onset of the Global Financial Crisis (GFC). On October 6, 2008, the Icelandic Parliament passed the Emergency Act, and authorities quickly used their new powers to nationalize the three banks. The Ministry of Finance created and capitalized Arion Bank (for Kaupthing), Islandsbanki (for Glitnir), and Landsbankinn (for Landsbanki), to hold the old banks’ performing domestic assets and all insured domestic deposits, and the prime minister assured all domestic depositors that they would be protected. …

India: Yes Bank Capital Injection, 2020, Salil Gupta

Journal of Financial Crises

In March 2020, the Reserve Bank of India (RBI) helped engineer a capital injection and restructuring of Yes Bank, India’s fourth-largest private sector bank, to prevent a run on the bank and to preserve broader financial stability. On March 14, 2020, Yes Bank received a total capital injection of 100 billion Indian rupees (INR; USD 1.34 billion) in total from the State Bank of India and a group of private sector banks (HDFC, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, Bandhan Bank, IDFC First Bank). The government-owned SBI received a 48.2% equity stake, committing to contribute up to …

Greece: Piraeus Bank Capital Injection, 2015, Stella Schaefer-Brown

Journal of Financial Crises

Greek banks experienced heavy deposit outflows from December 2014 through June 2015, which led Greece to declare a bank holiday from June 28, 2015, until July 18, 2015. Greek banks’ reliance on liquidity assistance from the Eurosystem began in August 2011, with a second peak in 2015; emergency liquidity assistance was fully repaid in 2019. The European Central Bank’s Single Supervisory Mechanism, responsible for banking supervision in Europe, conducted a stress test and asset quality review of the four large Greek banks and identified a capital shortfall of EUR 4.7 billion for Piraeus Bank (the Bank) in October 2015. To …

Greece: Ate Bank Capital Injection, 2011, Stella Schaefer-Brown

Journal of Financial Crises

In 2009, ATE Bank, the fifth-largest Greek bank, received a capital injection of EUR 675 million in Tier 1 preference shares as part of a broader aid package for the bank. In August 2010, Greek authorities conducted a strategic review of Greek banks, which concluded that ATE Bank was still facing serious difficulties. In October 2010, ATE Bank submitted a restructuring plan that included the purchase of EUR 1.14 billion in new ordinary shares. Of this EUR 1.14 billion, the bank used EUR 675 million to repurchase the earlier EUR 675 million preference shares. Private investors purchased an additional EUR …

Germany: Ikb Deutsche Industriebank Capital Injection, 2008, Lakshimi Swaminathan, Rishi Vala

Journal of Financial Crises

In July 2007, investors rapidly pulled their funding from asset-backed commercial paper (ABCP) programs that held US subprime mortgage-linked securities. According to the Financial Crisis Inquiry Commission (FCIC), German bank IKB Deutsche Industriebank AG (IKB) was the “first big casualty” of that run on ABCP. It had directly and indirectly guaranteed to provide EUR 9.3 billion in liquidity to its off-balance-sheet vehicle, Rhineland Funding Capital Corporation. German authorities and the Kreditanstalt für Wiederaufbau (KfW), a state-owned German development bank, quickly took over those obligations on July 30 to keep IKB solvent and prevent it from closing. KfW also agreed to …

Germany: Hsh Nordbank Capital Injection, 2009, Anmol Makhija

Journal of Financial Crises

State-controlled HSH Nordbank AG (HSH) lost EUR 2.8 billion in 2008, mainly because of impairments to its holdings of US structured credit securities. On April 29, 2009, the German bank regulator informed HSH that it would close HSH if the owners did not recapitalize the bank to the 8% total capital ratio requirement. In June 2009, the state governments of Hamburg and Schleswig-Holstein injected EUR 3 billion (USD 3.8 billion) of capital in ordinary shares with voting rights and provided a EUR 10 billion asset guarantee, called a “risk shield,” for a 7.85% annual fee. Over the next few years, …

Cyprus: Laiki Bank Capital Injection, 2012, Stella Schaefer-Brown

Journal of Financial Crises

In 2011, Cyprus’s second-largest bank, Marfin Popular Bank—later renamed Cyprus Popular Bank, but commonly known as Laiki Bank—lost billions of euros when the Greek government restructured its sovereign debt, decimating its equity capital and shutting its access to market liquidity. In late 2011, supervisors estimated the bank’s capital shortfall at EUR 3.1 billion. In January 2012, the bank submitted a plan to the central bank that included EUR 1.8 billion of capital raised from private investors and EUR 1 billion of capital increases through debt-to-equity swaps and deleveraging. However, Laiki Bank was unable to raise private capital and asked the …

France: Bank Of France Capital Injection, 1805, Ayodeji George

Journal of Financial Crises

After receiving the exclusive right to issue bank notes in Paris in 1803, the Bank of France became a significant source of funding for the French government in early 1805, as Napoleon prepared for a key battle of the Napoleonic Wars. In the first half of 1805, the French treasury paid back loans with notes with later maturities rather than metallic money, draining the metallic liquidity reserves of the Bank of France far below levels that bankers at the time considered prudent. After the circulation of an unfounded rumor that Napoleon himself had raided the metallic reserves for the war …

Belgium: Fortis Group Capital Injection, 2008, Ayodeji George

Journal of Financial Crises

In September 2008, in the wake of the freezing of credit markets caused by the Global Financial Crisis (GFC), Fortis Group, a financial conglomerate incorporated in Belgium and the Netherlands, faced depositor runs and share price deterioration. These negative consequences were a result of its exposures to US subprime mortgage-related assets and other losses from its 2007 acquisition of ABN AMRO, a large Dutch bank. Over the weekend of September 27–29, authorities from Belgium, the Netherlands, Luxembourg, and the European Central Bank (ECB) held emergency talks, resulting in the announcement of EUR 11.2 billion (USD 14.3 billion) in capital injections …

Belgium And France: Dexia Group Capital Injection, 2008, Ayodeji George

Journal of Financial Crises

Dexia Group (Dexia, or the Group) was a banking and insurance conglomerate that specialized in public financing with major operations in Belgium, France, and Luxembourg. Following the collapse of Lehman Brothers in mid-September 2008, Dexia faced a liquidity crunch as wholesale funding markets froze. Faced with insolvency concerns, authorities from the bank’s three primary markets, Belgium, France, and Luxembourg, conducted overnight negotiations to agree on capital injection terms. On September 30, 2008, authorities and the bank’s board of directors announced a EUR 6.4 billion (eventually EUR 6 billion) capital injection intended to restore Dexia’s solvency and maintain systemwide stability. The …

Austria And Germany: Hypo Alpe Adria Capital Injections, 2008, Bailey Decker

Journal of Financial Crises

Hypo Alpe Adria (HAA) was Austria’s sixth-largest bank at the time of the Global Financial Crisis of 2007–2009 (GFC), with EUR 41.2 billion (USD 29.2 billion) in total assets as of June 30, 2008. HAA pursued a growth strategy in Southeastern Europe in the years preceding the GFC, which proved troublesome for HAA’s loan portfolio and led to large write-downs in autumn 2008. HAA’s majority shareholder was a German landesbank, Bayerische Landesbank (BayernLB). On October 26, 2008, the Austrian Parliament passed a EUR 100 billion support scheme in response to the GFC, with EUR 15 billion allocated for troubled banks. …

Survey Of Ad Hoc Capital Injections, June Rhee, Benjamin Hoffner, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

Government recapitalizations of systemic banking organizations can be costly and unpopular but are sometimes necessary to protect depositors and prevent financial contagion. This paper surveys 23 Yale Program on Financial Stability case studies of ad hoc capital injection programs, defined as programs that provide capital to a single institution or a clearly defined minority of institutions. We saw a marked increase in capital injection programs in the past 50 years, more than half of which were ad hoc. Authorities designing ad hoc capital injections face difficult decisions—when to deploy them rather than let a bank fail; whether to impose losses …

Ensuring Packaging Accessibility For Those With Red-Green Colorblindness: A Case Study, Perian Reese, R. Andrew Hurley, George Cavender

Journal of Applied Packaging Research

Red-green colorblindness is widespread, affecting up to 8% of men and 0.5% of women, primarily among those of Northern European descent [1]. This color vision deficiency often results in profound difficulty distinguishing between red and green. Medically speaking, the condition is most commonly caused by one of two conditions- protanopia or deuteranopia. Protanopia is the lack of red photoreceptors in the retina, while deuteranopia is the lack of green photoreceptors [1]. For people suffering from this condition, there are certain graphics and images that they may have difficulty understanding or seeing as intended. Given the large number of people affected …

The Minutes Of The Marshall University Board Of Governors Meeting, October 9, 2024, Marshall University Board Of Governors

Board of Governors Minutes

No abstract provided.

Spartan Daily, October 9, 2024, San Jose State University, School Of Journalism And Mass Communications

Spartan Daily, 2024

Volume 163, Issue 20

Understanding The Dynamics Of Board-Executive Director Relationships In Nonprofits: A Qualitative Study Of Youth-Serving Nonprofits In Utah, Jaxon Didericksen, Jayme E. Walters, Dorothy Wallis

Social Work Faculty Publications

A functional positive relationship between the executive director (ED) and the board of directors (BOD) is crucial to nonprofits meeting their missions. The present qualitative study sought to identify factors—including traits, behaviors, processes, and experiences—associated with positive relationships between BODs and EDs in youth-serving nonprofits in Utah. Surveys were utilized to identify pairs (N = 6) of board chairs and EDs who had high relationship satisfaction. Individual semi-structured interviews were employed with each participant. Transcripts were analyzed using two-cycle coding, descriptive and pattern coding in which three themes emerged: (1) Background; (2) Roles; and (3) Leadership. The findings illustrated …

No. 08: Addressing Food Insecurity Among Central American Migrants In Mexico, Tiana Bakić Hayden

Migration and Food Security (MiFOOD) Network

Central American migrants living in Mexico City face unique challenges that contribute to heightened food insecurity, with issues stemming from incomplete documentation, social isolation, and precarious legal status. This brief examines these barriers and how they exacerbate food insecurity among migrant populations who reside in Mexico’s urban areas, particularly those from the Northern Triangle (Guatemala, Honduras, and El Salvador). Migrants face bureaucratic, social, and economic obstacles that limit their access to food, housing, and employment. The brief recommends policy changes aimed at improving documentation processes, enhancing social support networks, and addressing migrants’ specific food security needs.

No. 06: Enhancing Rural-Urban Linkages Through Food Remittances, Elizabeth Opiyo Onyango, Jonathan Crush, Samuel Owuor

Migration and Food Security (MiFOOD) Network

In many rapidly urbanizing African countries, food remittances from rural to urban areas play a vital role in maintaining rural-urban linkages. In Nairobi, Kenya, half of all households, regardless of migration status, receive food remittances from rural areas. Contrary to conventional beliefs, these food transfers are not solely linked to migration or poverty. Instead, they appear to be a long-standing, integral part of urban household resilience, especially for better-off households. As urbanization intensifies, policymakers should recognize the role of food remittances in ensuring food security for both migrants and non-migrant households. This brief explores key challenges such as economic inequality, …

Sjsu Erfa Board Minutes, September 9, 2024, San Jose State University, Emeritus And Retired Faculty Association

SJSU ERFA Minutes

SJSU ERFA Executive Board Minutes

September 9, 2024

Senate Meeting, October 9, 2024, Academic Senate

Academic Senate Minutes

No abstract provided.

October 9, 2024 (Vol. 109, No. 7), Daily Eastern News

Daily Eastern News: 2024-2025

No abstract provided.

Gardner-Webb Online Graduate And Undergraduate Programs To Start Soon, Office Of University Communications

Gardner-Webb NewsCenter Archive

For more than two decades, Gardner-Webb University has offered online education. Through the years programs have expanded to 30 online undergraduate and graduate degrees. When you choose Gardner-Webb’s online program, you are more than a number, noted Director of Academic Innovation and Digital Learning, Dr. Wendy Athens.

Uc Transcript 2024-10-09, Northern Illinois University

University Council Archives

No abstract provided.

Spectrum, Volume 53, Issue 5, Sacred Heart University

Newspapers (Obelisk & Spectrum)

Highlights include: Vice Presidential Candidates Debate Ahead of Nov. Election - SHU-Powered Poll Reveals Youth Climate Concerns - A Peek Into Family Weekend Campus - The Statues of Sacred Heart University - New Hub to Stream SHU Sports

October 9, 2024 Faculty Senate Minutes, University Of South Carolina

Faculty Senate

No abstract provided.

Documents From The October 9th, 2024 Meeting Of The University Of Montana Staff Senate, University Of Montana--Missoula. Staff Senate

University of Montana Staff Senate Meeting Minutes

Agenda and minutes from the October 9th, 2024 meeting of the University of Montana Staff Senate.

The following Resolutions were discussed:

SB03-24/25 Resolution on Encouraging Professional Development by Lowering Cost Barriers to Staff.

Note: See November meeting minutes when final version was presented, and a vote was conducted.

The following Resolution was passed:

SB04-24/25 Adding "Monte" the University of Montana Mascot as an Honorary Member of the University of Montana Staff Senate

https://scholarworks.umt.edu/staffsenate_resolutions/8

The guest presenter was Brady Schwertfeger - the FOCUS-MFPE Union president to discuss what they do, union roles, bargaining agreement information, and to answer questions.

Cultural Belonging Impact On Retention Intention Of Non-American International Undergraduate Students In Attendance At U.S.-Based Postsecondary Institutions, April Ray, April Ray

Dissertations, Theses, and Projects

There is a limited understanding regarding how non-American international undergraduate students who have lived outside the U.S. for a majority of their lives construct their educational identities within U.S.-based postsecondary institutions in comparison to international students who have lived in American culture for more than two years. The multifaceted cultural nature of their educational identity within the confines of an Americanized educational learning environment demands further exploration into the hybridity of these student populations. This study proposes to identify which aspects of the learning experience help or hinder the sense of cultural belonging for non-American international students in attendance of …

Women’S Basketball 2024-2025 Schedule Released, Office Of University Communications

Gardner-Webb NewsCenter Archive

The Big South Conference has announced the women’s basketball league schedule for the upcoming season, featuring 16 conference games for the Gardner-Webb University women’s basketball team.

Development Of Prediction Models Of Covid-19 Vaccine Uptake Among Lebanese And Syrians In A District Of Beirut, Lebanon: A Population-Based Study, Marie-Elizabeth Ragi, Hala Ghattas Ph.D., Hazar Shamas, Jocelyn Dejong, Nada M. Melhem, Stephen J. Mccall, The Caep Study Group

Faculty Publications

Introduction Vaccines are essential to prevent infection and reduce the morbidity of infectious diseases. Previous evidence has shown that migrants and refugees are particularly vulnerable to exclusion and discrimination, and low COVID-19 vaccine intention and uptake were observed among refugees globally. This study aimed to develop and internally validate prediction models of COVID-19 vaccine uptake by nationality.

Methods This is a nested prognostic population-based cross-sectional analysis. Data were collected between June and October 2022 in Sin-El-Fil, a district of Beirut, Lebanon. The study population included a random sample of Lebanese adults and all Syrian adults residing in areas of low …