Word: banking
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...That toxic debt was also behind the other bad company news of the day, when HSBC - Europe's largest bank - said it would seek $17.1 billion in new capital, and close its U.S. consumer-lending unit, Household Finance. The American affiliate had saddled HBSC with $16.3 billion in subprime-rooted losses, and explained the group's 62% dip in 2008 profits of $9.3 billion. But closing the troubled unit means adding its 6,100 employees to the list of 3 million American jobs eliminated since November...
...program is the first of its kind to be completed by JPMorgan, but the bank is currently discussing similar programs with several other universities to help students from overseas, according to Tom Kelly, a company spokesman...
...home game [so] it is important to end on a good note,” Harvard coach Ted Donato ’91 said. Beating the No. 6 team in the country was no small feat for Harvard, who was also able to secure the fifth seed in the Bank of America ECAC Championship next weekend with the win. It was also a chance for the Crimson to redeem itself after last year’s 4-1 heartbreaking loss against the Tigers in the championship final. “It’s a huge...
...state of the peace process as Clinton arrives in the Middle East? Telhami: The big picture, whether or not we have short-term violence on the Israeli-Gaza front, is that the time is running out on the two-state solution. Now we have Gaza and the West Bank separated politically between Fatah and Hamas, as well as geographically. We have settlements expanding in the West Bank and around Jerusalem. Israeli-built roads and other infrastructure are transforming the reality on the ground. (See pictures of Gaza after the three-week...
...What other option is there? Israelis may feel they are left with unilateral options: take control of most of the West Bank, let Jordan take care of other parts; hope Gaza will go under international or Egyptian control. Hamas advocates one state through military means. Some secular Palestinian élites who oppose military means advocate a one-state solution in which Jews and Arabs are equal. So the consequence is most likely indefinite conflict...