Word: creditably
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...feet lately, the steady march favored by C. Hoare & Co. offers a timely lesson in the art of financial survival. Tripped up by risky assets linked to the soured U.S. housing market, big banks have been forced to write off more than $100 billion in recent months. Denied credit, others have imploded. Sporting the colors of old-school banking, C. Hoare & Co. has sidestepped the pileup. In a time of chaos, says Sebastian Dovey, managing partner at Scorpio Partnership, a wealth-management consultancy, the 336-year-old bank "symbolizes sustainability, preservation, reliability and continuity...
...banking has become mind-bogglingly complex, and the credit debacle has made it clear that many supposedly savvy bankers failed to grasp the scale of the risks they were taking. Tiny C. Hoare & Co. - pretax profit for the year to last April was a modest $32 million, up 8% from the previous year - has prospered over the centuries by keeping it simple. Two-thirds of its income still derives from providing rock-solid banking services - deposit-taking or loans, say - to its wealthy customers through just a pair of London branches. (Investment or financial-planning advice and help with...
...chronicled by Google are not coming from Western computers, but from the epicenter of the price hike’s impact. The top-ranked countries by volume of searches are the Philippines, Singapore, Malaysia, India, Indonesia and Thailand. In the West, people are preoccupied with the “credit crunch,” “Tibet,” “human rights” and the “Olympics boycott?...
...credit, HBS will blink at a lower GMAT score, as they feel that the GPA is more important,” Kreisberg said. “They will rarely blink twice, however. They won’t blink at both...
...some Svengali responsible for the Pontiff's handling of the issue. Or, less cynically, it could equally well be the expression of his own obvious compassion and concern for the spiritual and mental health of the victims and the American church. Unquestionably, Cardinal O'Malley deserves some of the credit. He reportedly urged Benedict to include Boston, the sex-abuse Ground Zero on his itinerary, and when Benedict declined, refused to give up, bringing the victims to the Pope...