Word: loaned
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Dates: during 1990-1999
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Only hours later, Takuya Iwasaki, president of Nikko securities, the country's third largest securities firm, went before cameras to say he too would step down. Iwasaki was taking responsibility for Nikko's spending $136 million to compensate rich investors and for loan dealings with ex-crime boss Ishii...
Former employees say they made desperate, unreturned phone calls to Evans. Meanwhile, he rejected several loan offers requiring him to cede control of the company's finances. In early May, claims of drug use among Evans' hangers- on gained credence when police arrested three at his Manhattan town house, charging them with possession of cocaine residue...
Last month Baker responded to Shamir's latest snub by calling settlements the biggest "obstacle to peace." President Bush followed up by warning that he might withhold $10 billion in U.S. loan guarantees that Israel wants to help absorb Soviet Jews unless Jerusalem agrees to a settlement freeze. As usual, Shamir was unimpressed by the threats. Speaking at the West Bank settlement of Beit Arieh last week, he dismissed any connection to peace talks and vowed that the construction drive "cannot be stopped...
...thought the savings and loan disaster couldn't get much worse, well, think again. In the gloomiest assessment of the megamess yet, U.S. Comptroller General Charles Bowsher said last week the Resolution Trust Corporation, which is handling the bailout, was in such disarray that government accountants cannot even audit its books. That means Washington has no clear idea of how much the bailout will ultimately cost as the RTC shuts more than 1,000 bankrupt S&Ls and sells off real estate and other assets...
Meanwhile, bankers laden with bad credit have remained reluctant to make new loans. That has helped perpetuate a credit crunch that began last year when bank regulators tightened loan standards to avoid a repeat of the savings and loan fiasco. Even the Fed's lowering of interest rates in recent months has scarcely encouraged bank lending to pick up. Asserts Hugh Johnson, chief economist for First Albany, a securities firm: "More than at any time in the past, banks are dragging their feet...