Word: citibankers
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...take effect on April 23 for the next three years. The arrangement—which marks the first time that HUECU will be offering student loans—follows a similar deal penned in February with JPMorgan Chase and will increase the funding options available to international students. After Citibank abruptly pulled out of previous custom loan arrangements with Harvard and several other universities in October, Harvard administrators were left scrambling for alternative ways to help students cover the cost of attendance while maintaining the University’s commitment to financial aid across the graduate schools...
...company that was taking risks. Of course, it is fair to assume that the bank also had a chief financial officer who had an excellent idea of what Citi had on its balance sheet and in operations that it owned which had their own balance sheets. (Read "Is Citibank Really Out of the Woods...
...sense,' says Paul Hodgson, a senior research associate at the Corporate Library, which examines issues of corporate governance. "But I find it hard to believe that any top executive at a bailed-out bank would have had the performance in 2008 to generate a multimillion-dollar bonus." (Read "Is Citibank Really Out of the Woods...
International students typically have a higher probability of defaulting on their loans than American students, a Citibank spokesman said at the time of the arrangement’s cancellation. Citibank also broke off similar agreements with other schools this fall, including MIT and the University of Michigan...
...abrupt termination of the Citibank program in October left Harvard administrators scrambling to find ways to maintain their commitment to financial aid across the University...