Word: lender
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...country's high court offered the farmers a reprieve late last week when it ruled that the state could not seize farms mortgaged to banks without first informing the lender. But the government has ignored court rulings in the past. And many farmers are ready to leave, no matter what happens next. "Now that we have left the farm, we can't wait to leave the country. Life here for my wife and daughter has become unbearable," says a farmer who requested anonymity...
Here's the lowdown. Most students (and parents) who borrow to finance education using Stafford (and PLUS) loans emerge from school with a portfolio of loans, one for each year. They don't necessarily all come from the same lender, nor are they all at the same rate. The formula for Stafford loan interest--a variable rate computed each year--is the 91-day Treasury-bill rate set in the last auction each May, plus a factor. For student loans made between July 1, 1995, and June 30, 1998, that factor is 3.1 percentage points during the repayment period...
...attract foreign partners, the founder of CHINA MINSHENG BANKING recruited former PRICEWATERHOUSECOOPERS guru Tom Macy as a senior adviser, the highest position a Chinese bank has offered to a foreigner. The publicly traded bank also wants its stock listed overseas. Launched in 1996, the country's only private lender grew its assets 90% last year by targeting China's burgeoning private sector...
...will next turn for help is uncertain. It would probably be a bad idea to approach Stoiber, who formally launched his campaign for the German chancellorship last month. Bayerische Landesbank - which is 50% owned by the Bavarian state, where Stoiber has been premier since 1993 - is Kirch?s biggest lender, with an estimated $1.7 billion in loans. Last year, the regional government saw to it that the bank provided a loan for Kirch to acquire a stake in Formula One motor racing. But the bank?s massive exposure to the media empire has raised eyebrows, and political pundits say Kirch...
...meantime, foreign lenders are finding ways to keep busy. HSBC has aligned itself with local banks and with the four state-owned major institutions, which gives the London-based bank's customers access to branches across much of China. HSBC last month bought an 8% share in the Bank of Shanghai, a seven-year-old entity controlled by the city. Citibank is reportedly considering the purchase of a 15% stake in the Bank of Communications, the fifth largest state-owned lender, also based in Shanghai...