Word: essig
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...worst difficulties. Because they are less creditworthy, they usually have to pay 2% to 3% above the prime rate. But some banks have inaugurated "two tier" pricing, knocking a point or two off the customary rate for good but smaller customers. Says Michigan National Corporation Banks Vice President Phil Essig: "We're not really in a position to carry these people, but what can you do?" More and more banks and savings and loan institutions will be asking that painful question, as credit-hungry consumers and businesses increase in numbers and need during the coming months...