Word: furtherance
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But a number of risks remain for the nation's largest banks, any one of which could derail the recent rally. Not only will banks' earnings probably be down in the first quarter, Treasury Secretary Timothy Geithner's plan to rid the banks of their troubled loans suggests there could...
A recent change in accounting rules means that banks are going to have to bring those loans back on their books by the end of this year. The biggest fear is that banks will start recording losses from these loans that investors weren't expecting. There's a second problem...
Harvard is considering reducing capital spending and projected new debt issuance by as much as 50 percent due to recent endowment losses, according to a credit rating report issued by Moody’s Investors Service on Wednesday.The University has already slowed construction of its Allston expansion, which combined with...
Still, episodes like this are stoking tension between the Administration and the Senate - particularly with the Finance Committee, which has vetted a number of the nominees for whom problems have emerged, including the tax issues that threatened to derail the confirmation of Treasury Secretary Timothy Geithner and forced former Senate...
The key element in President Barack Obama's Afghanistan strategy is getting Pakistan to fight the Taliban on its side of the border. But despite the Administration's demanding a more concerted effort against militants on Pakistani soil as a condition for further aid to Pakistan's military - and warnings...