Word: loaned
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Dates: during 1990-1999
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...today, as the Dutch ING Group agreed to take over Baring for a token one pound, or $1.65. Leeson, now in a German prison, is fighting extradition to Singapore, where he stands accused of forging a Wall Street executive's name on a document used as collateral for a loan to Baring. Says TIME London bureau chief Barry Hillenbrand: "A lot of people doubt that Leeson was this lone cowboy who just blew this bomb up inside, with nobody knowing what he was doing...
...Salient, saying that there was no news to be covered. Perhaps you'll call us too `aggressive' in reporting the news. But if a prominent campus publication loses almost half of its executive board, suffers from intense infighting and has all the financial stability of a savings and loan, that sounds like news to us. Being boring and soporific as a publication does not excuse the Salient from Crimson scrutiny. Just because everything in the Salient isn't worth reading does not mean everything about the Salient isn't worth reading...
...Treasurer and Executive Editor of the Salient until last week, alleged that the "by nature conservative" publication has consistently lost money since it became a bi-weekly, has had little success selling ads, has had a large staff turnover in recent weeks and has required a substantial loan by its former president to stay afloat...
...Business. "He's a rare judge who is sympathetic to the way the law intersects with consumer interests and investor interests," says consumer activist Ralph Nader. It was Sporkin at his most sulfurous who dismissed the 1990 suit by which Charles Keating tried to regain control of Lincoln Savings & Loan, whose collapse cost taxpayers $2 billion. Bluntly accusing Keating of "looting" Lincoln funds, Sporkin also pointed the finger at the lawyers and accountants who had made it possible...
...million or so of debt coming due soon, and are concerned that if it fails to pay, other big companies will also stiff their foreign creditors. Eduardo Cabrera, a Latin American investment strategist for Merrill Lynch in New York, says that Zedillo ``should have stepped in with a bridge loan or something'' to remove all fears of a default. The President did not, and the Mexican stock market dropped about 6% last Wednesday to a 17-month low. It recovered a bit by week's end, but the peso remained volatile, trading at one point at 6.4 to the dollar...