Word: loan
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...biggest banks may need the help. Some observers estimate they may be saddled with a total of up to $7 billion in bad debts. But Thuy says state-owned banks are in better financial shape than is commonly believed. Nonperforming loans have been cut from 20% to as low as 3%, he says. Industry experts say the real number is probably three times that, but admit Vietnam has made progress in reducing bad loans. "It's not a China-like situation," says Alain Cany, chief executive for HSBC in Vietnam. (Up to 50% of the loan portfolios of China...
...Harvard’s largest international student groups. During clean-up at the end the Woodbridge Society’s annual event, Fiesta Mondiale, members of the organization discovered that the flags of Australia and Paraguay were missing from the dining hall. The flags had been on loan to the organization for the evening by the Office of the University Marshal, which arranges the visits of national and international dignitaries to Harvard who are invited by the President or by various schools, departments, or student groups. Many of the flags owned by the Marshal’s office were given...
...Head by the Harpoon Brewery. Enhancing the atmosphere of the new space will be a Memorial Hall gargoyle, which fell off the building’s tower during a 1956 fire and resurfaced 12 years later in the Fogg Art Museum. The museum has agreed to a permanent loan with the Queen’s Head, and the gargoyle will be displayed above the bar. “As you walk in, the gargoyle will be right there to greet you,” said Loker Commons Project Manager Zachary A. Corker ’04, who has previously served...
...capital nor a financial advisor, and went to bank after bank for a year and half seeking start-up money. "They kept saying no, but I knew it was just a matter of time, because I had a sound idea. It was the 14th bank that gave me the loan." Now celebrating half a decade, with three openings in 2006 alone, Cojean has been profitable since last year. Not bad for a guy who's never read a marketing book and claims to have no long-term business plan...
...White House wants to cut interest subsidies to lenders 0.5%, which should save $12.4 billion over five years and leave the industry with less funny money. But lenders claim such a move could force them out of the market. "We make less than half a percent on a guaranteed loan," says Tom Joyce, spokesman for Sallie Mae, the nation's largest student-loan company. "You do the math." And there is a renewed effort to get more schools into direct lending, which costs taxpayers an estimated $7.50 less for every $100 disbursed, compared with private loans. Massachusetts Senator Edward Kennedy...