Word: bankses
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China's overall economic vigor may continue to impress, but there are questions surrounding the quality of its performance. The People's Bank of China, the central bank, is giving great gobs of money to state-owned banks that, with Beijing's forceful encouragement, are lending to state-owned companies...
This is particularly apposite in the case of China, a country with not only many possible futures, but (as it were) many pasts. There is a crude but commonly held thumbnail sketch of modern Chinese history that goes something like this: Two centuries ago, European powers tried to open a...
Part of that return to normal is driven by a return to reasonable lending: people aren't buying more than they can afford to because banks won't let them. When the Robertses first met with mortgage planner Iva Deobald last year, she told them to go away, pay down...
And yet what would help him do his job, the thing he most wants from a lender when he sends in an application for a loan modification - asking for something like a reduced interest rate that could help keep a family in its home - is simple. "I just want to...
The case for limiting pay at corporations not on government life support rests on two main arguments, Bebchuk says. Top executives are supposed to answer to shareholders, but to a large extent they have been able to determine their own pay packages. Say-on-pay votes and other measures that...