Word: depositer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Stick with the Program Early action, however, is just the beginning. Japanese policymakers have learned the hard way that it takes years to leach toxic assets out of a financial system and restore confidence so that consumers shop rather than stash their money in safe-deposit boxes. While domestic demand remains sluggish, government spending has to take up the slack and keep at it. In Japan, a recovery was aborted in the late 1990s when, at the first sight of green shoots, the government raised taxes. President Barack Obama is committed to reducing this year's federal budget deficit...
...right. Since September, the bad news about banks has been nonstop - and not just at the top of the food chain. Although teetering giants like Citigroup and Bank of America grab the headlines, at the end of last year 252 institutions were on the problem list of the Federal Deposit Insurance Corporation (FDIC), up from 171 three months earlier. Seventeen banks have failed so far in 2009; expect hundreds more over the next few years. (See the top 10 financial collapses...
...couldn't find work in the field. She was recently hired as a security guard, earning $11 an hour. But that's hardly enough to afford even a $600 a month studio apartment. Larger units are beyond her reach. "They want the first and last month's security deposit" which is, she figures, about $2,000, maybe $2,500. "It really...
...fact that the government ownership of IndyMac is coming to an end in just eight months is successful," says Kevin Stein, a former associate director of resolutions at the Federal Deposit Insurance Corporation (FDIC) and an investment banker at FBR Capital Markets. "Nationalization is a tool that has been used in the past and can be effective in the future in certain situations...
...Bovenzi and Dallas-based assistant director Rick Hoffman, to Pasadena, Calif., to run the bank. Bovenzi became IndyMac's CEO. Hoffman took on the role of president. For Bovenzi and Hoffman, cost-cutting was high on their agenda. They slashed the rate the bank was paying on certificates of deposit. Expensive perks were out as well - the government even sold off the company's Dodgers and Lakers season tickets. A company Porsche fetched $65,000 on Autotrader.com. Also gone are many of the artworks in the elevator lobby and the high-priced office furniture in now empty cubicles...