Word: loaning
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According to the Harvard College Financial Aid Office website, approximately 49 percent of Harvard students graduate with some loan debt. The median debt for the Class of 2005 was $6,400, according to the website...
...Marine Midland Bank, which it bought in the '80s. In 1999 HSBC acquired Republic New York Corp. for $9.7 billion. In 2003, in a move that signaled HSBC's determination to shift into higher-margin consumer businesses, HSBC paid $14.4 billion for Household International, a provider of car loans and credit cards to less affluent Americans. Bobby Mehta, CEO of HSBC in North America, believes there is still potential in the U.S. market. He says strong loan growth in the third quarter of 2005 produced a 9.5% jump in profits for all of HSBC's U.S. businesses...
DIED. BOB WEINSTOCK, 77, jazz producer who, at age 20, parlayed a family loan into an indie label that became Prestige, home to some of jazz's greatest musicians; in Boca Raton, Fla. He encouraged his artists to record long, unrehearsed jams. Among the results: the 1956 John Coltrane-- Sonny Rollins saxophone duet Tenor Madness and the seminal four-album series Cookin' with the Miles Davis Quintet, Relaxin', Workin' and Steamin...
...Student loan cuts make up almost a third of the total budget cuts...
Both Day and Association of American Universities (AAU) spokesman Barry Toiv ’77-’78, said that the $13 billion cut from loan programs should have been used to benefit students in some other...