Word: bolstered
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Dates: during 1980-1989
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While the prime-rate rise will help bolster bank profits, it cannot begin to make up for the reclassification of $6.8 billion worth of Brazilian loans. Seven major banks will see their profits reduced by a combined $112 million for the first quarter. At BankAmerica, 40% of quarterly earnings could be lost, while Manufacturers Hanover could take a hit of as much as 20%. If Brazil does not resume making interest payments on its debt this year, 1987 earnings would be reduced by some $1.9 billion for all U.S. banks. Anticipating such losses, Standard & Poor's has lowered the credit...
...unfolding Wall Street scandals, outgoing Securities and Exchange Commissioner John S.R. Shad has been dismayed by how many of the indicted traders are graduates of top business schools. Last week, to bolster ethical training at his alma mater, the Harvard Business School, former Investment Banker Shad made a reported $20 million down payment on a gift that other alumni contributions will eventually bring to $30 million, the school's largest gift ever. The money will endow chairs and underwrite case studies in ethical issues. In the words of Dean John McArthur, it will allow ethics "to be imbedded...
...Senator's decision last fall to accept anAlumni Association nomination for the overseerswas not a move to bolster his presidential bid,the aide said. "He has no plans to use the Boardof Overseers as a stepping-stone...
...past, campus unity has been lacking, but "an event like this can bolster that," said Richard B. Cooperstein '88, a council member who helped organize the $2100 bash...
...FSLIC now has $1.5 billion in cash, down from $4.6 billion at the end of 1985. That decline is sure to fuel congressional efforts to bolster the federal insurer's reserves. A bill that would provide the Government agency with $12.5 billion during the next two years could pass the Senate as early as this week, and the House is working on similar legislation...