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1946 The South Australian Government nationalised the Adelaide Electricity Supply Company into the Electricity Trust of South Australia; 1948 The government attempted to nationalize the banking industry, but the act was declared unconstitutional by the High Court of Australia in the case Bank of New South Wales v Commonwealth.
Today, PrivatBank is a fully recapitalized state-owned bank. On 25 April 2017, the S&P reported [20] an increase in credit ratings of PrivatBank from SD to CCC+/C and stated the bank's rating outlook as “a stable". The Moody's also raised ratings of PrivatBank—from Caa3 to Caa2. [21]
A 2020 poll shows that a majority (63%) of Americans support a nationalized healthcare system. [7] A re-nationalization occurs when state-owned assets are privatized and later nationalized again, often when a different political party or faction is in power. A re-nationalization process may also be called "reverse privatization".
The U.S. has a lot of banks. So many, in fact, that when one fails or runs into trouble, there can be some confusion with other lenders in different parts of the country that share a similar name.
When one schedules an interview with NYU Economics Professor Nouriel 'Dr. Doom' Roubini, it's usually best to be prepared for grim news. And on Thursday, "Dr. Doom" did not disappoint, predicting ...
The Reserve Bank of India, which had been established during British colonial rule as a private company, was nationalized in 1949 following India's independence. By the early 21st century, most of the world's countries had a national central bank set up as a public sector institution, albeit with widely varying degrees of independence.
On 14 September 2007, the bank sought and received a liquidity support facility from the Bank of England, [1] as a result of its exposure in the credit markets, during the 2008 financial crisis. [2] [3] On 22 February 2008 the bank was taken into state ownership. The nationalisation followed two unsuccessful bids to take over the bank, neither ...
The biggest U.S. banks stand to become even more powerful in the wake of the banking crisis — whereas regional banks could lose their foothold. Why the biggest banks 'could be natural ...