Word: deposit
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...extend even further than usual. But it's not exactly welcome business. Savers flooding the Newcastle-based bank on Monday joined the thousands to have withdrawn their cash from Northern Rock in recent days. So far, customers have emptied the bank of around $4 billion, or 8% of its deposit base...
...these loans together and sold off pieces representing different presumed levels of risk. In the process, the nonbank financial institutions buying these "structured credit products" - hedge funds and other supposedly sophisticated players - replaced banks as the engines of credit creation in recent years. Unlike banks, however, these institutions lack deposit insurance and do not have direct access to central bank lender-of-last-resort safety nets. When the quantitative models used to measure default risk on the new mortgage-backed instruments vastly underestimated actual delinquencies, many of these investors found themselves with unexpected losses. Concern about just how far these...
...some champagne, came back up, changed the combo again, and spent the rest of the night in front of the door. Paranoid. Paranoid. Paranoid. They're coming to get me at any minute now, and I'm going to fight them off. We put it in a safe deposit box the next morning...
...self-fulfilling panic, one that really needs to be nipped in the bud. At banks serving retail customers, it is automatically nipped these days by federal deposit insurance. Fretful depositors have still lined up at branches of the bank arm of troubled mortgage lender Countrywide, but there's really no rational reason...
...Sicilian parents who moved to the U.S. in 1910, Marcello later used a phony Guatemalan birth registration to avoid deportation to Italy. Fully aware that Marcello was not a Guatemalan, Kennedy in 1961 nevertheless had Immigration agents hustle him aboard a 78-seat jet as its lone passenger and deposit him in Guatemala City. Marcello and his American lawyer were later flown to El Salvador, where soldiers dumped the two expensively dressed men in the mountains. Marcello claimed he fainted three times and broke several ribs before finding his way to a small airport. Slipping secretly back into New Orleans...