Word: loan
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Your story about the exhibition of Ralph Lauren's vintage autos [Feb. 28] referred to the Boston Museum of Fine Arts' loan of 21 Monets to "the gallery at Steve Wynn's Bellagio hotel and casino in Las Vegas." You said Wynn paid the museum a "reported $1 million" in exchange for the loan of the Monets. Wynn sold the Bellagio in 2000 and today has no connection to it or to the Monet exhibition, a collaboration between our gallery and the Boston Museum that required significant investment of time and money on both parts...
Turning around Shenzhen--among China's most troubled banks, with some 9% of its loans officially nonperforming--won't be any easier than buying it. But Shan, 51, has been there before. In 2000 he helped Newbridge become the first foreign owner of a South Korean bank, Korea First; Newbridge managers doubled the bank's assets and strengthened its loan portfolio. In January Newbridge sold its 49% stake to Standard Chartered for $1.6 billion--nearly quadrupling the fund's investment...
...We’ve been very happy with the Direct Loan Program. But it’s critically important that both programs be preserved,” Donahue said...
...first time, the federal government would be treating needy students differently—not on a basis of need, but on the basis of which student loan programs colleges happen to choose,” he said...
...with concrete action to the clear student demand for renewable energy. The University has responded and has done so in convincing fashion, nearly doubling the amount that would have been raised by the opt-out termbill fee, and taking the additional step of establishing a $3 million Green Building Loan Fund to finance energy-efficient designs in new buildings...