Word: banke
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...What fad would you give her credit for starting? What do you see selling because of her endorsement? I'm minding my own business in line at the bank and I'll see a woman in front of me wearing a skirt that's a little longer-length ... kind of falling below the knee, and a cardigan that she belts over. I think, Oh, the Michelle effect. There you go. It's right there. Boy, I bet cardigan sales have gone through the roof. I think sleeveless sheaths - we're seeing many, many more of them. I think...
...called factors, that help small businesses finance their day-to-day operations. In late 2008, the Treasury Department gave CIT $2.3 billion in federal assistance from TARP funds. But apparently, the Treasury Department's bar for bailouts has risen, and CIT isn't tall enough anymore. And while some bank stocks traded down on Thursday, investors mostly shrugged off news of CIT's possible collapse. The Dow Jones industrial average rose nearly 100 points. (Read "How to Know When the Economy Is Turning...
...itself is not a material issue for any of the large publicly traded life-insurance companies," says analyst Jeffrey Schuman, who follows that sector at investment bank Keefe Bruyette & Woods. "But these guys have taken a lot of hits, so we continue to watch their investment portfolios...
...result is a program that acts as a kind of matchmaking service between members and banks. The service began last year in Zhejiang, a coastal, trade-focused province south of Shanghai, where 600 businesses used Alibaba to acquire loans worth more than $146 million through China Construction Bank and the Industrial and Commercial Bank of China. This year the program has expanded to Guangdong, Shandong and Jiangsu provinces and several coastal cities including Shanghai and Shenzhen. Seven other banks, including Bank of China, China Merchants Bank and Shanghai-Pudong Development Bank, have signed on. Alibaba expects to facilitate more than...
...While new types of lending programs are slowly expanding credit to SMEs, things could get worse later this year. The overall boom in bank lending has increased the risk of bad loans that could come back to haunt the financial system and delay economic recovery. Some economists now say that policymakers will want to control credit more tightly in the second half of the year. Their challenge will be to ensure that small businesses that have seen little help thus far don't get further squeezed as the credit explosion is reined...