Word: hensels
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...their traditional lines of business by other segments of the financial industry. Most important, few major corporations still borrow from banks; they float their own commercial IOUs. When banks looked for borrowers elsewhere, they ran into one bad risk after another, most notably the Third World countries. Says Katherine Hensel, a banking analyst for Shearson Lehman Hutton: "Just look at the legacy here. On the heels of the ((Third World)) debt problem, other pieces of the pie are beginning to fall apart for banks, such as real estate, LBOs and other highly leveraged transactions. These were pieces of the puzzle...