Word: crediteers
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...Citigroup results indicate continued deterioration on the credit side," says Christopher Whalen, managing director of research firm Institutional Risk Analytics. "Citi is an outlier in terms of loss rates, above Bank of America and Wells Fargo...
...Moreover, a look beneath its recent earnings report reveals that Citi is still struggling to extricate itself from the credit crisis. All of Citi's profits and then some in the second quarter were the result of a onetime gain on the sale of 50% of the company's Smith Barney brokerage division to Morgan Stanley. Take that out as well as some other onetime events, and CreditSights' Hendler says the company actually lost 70 cents a share, or about 30% more than it did in the same three-month period a year ago. (See the top 10 bankruptcies...
Mugabe's plans seem to involve using Tsvangirai to unlock those ZANU-PF financial resources that are currently blocked by Western powers. It is these resources that will finance his campaign for the next election. Mugabe also hopes to get credit for any economic progress that comes with...
Harvard is considering replacing a $2 billion revolving line of credit with a smaller line of credit that charges a higher interest rate—a move that may constrain the University's cash flexibility during severe economic downturns...
...liability for Obama if and when he runs for re-election? Absolutely. Put in guaranteed issue and community rating at once, so people cannot be turned down for insurance in the private sector, nor can they have their insurance taken away because of an illness. He'll get huge credit for that and there's no budgetary cost...