Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...generous aid package in return for big concessions. Among them: long-term leases for U.S. military bases and cooperation from Panamanian banks in prosecuting American tax cheats. But as the standoff continues, Noriega may find new benefactors. Libyan Leader Muammar Gaddafi, for instance, is said to be ready to loan Panama $20 million. However, Swiss bankers have reportedly turned down Noriega representatives who tried to set up a numbered account as a conduit for the money...
However, Hunt also notes that the state now demands repayment on the loan, although it used to observe a "forgiveness" clause that wiped out students' debts if they lived in the state for five years or more following graduation...
...Islamic Jihad? Interior Minister Charles Pasqua insisted that "not a franc, not a dollar, not a deutsche mark" was rendered. But another French official said the Iranians were interested in re- establishing diplomatic relations, which were broken last summer. They also wanted repayment of a $1 billion loan made to France in 1974, which they argue has appreciated considerably because of accrued interest. France has so far paid back $660 million...
Consider the case of Garth Conlan, a vegetable and strawberry grower in Castroville, Calif., who walked into a Wells Fargo branch in 1981 to borrow $3 million. The bankers, eager for business, approved the loan in 48 hours, Conlan's attorneys say. Yet two years later, when Wells Fargo decided that losses from Conlan's 1,505-acre farm exceeded the limit in the loan contract, the bank refused to lend him more money and grabbed $120,000 from another of his accounts to pay off the debt. Those moves forced him into bankruptcy, his attorneys say. So the farmer...
Smaller businesses and even homeowners have begun striking back at their bankers. Joseph Ricci, a Falmouth, Me., racetrack operator, last year won a $10 million judgment against Maine's Key Bank, as well as a $5 million loan. Ricci established that the bank's officers had wrongfully terminated his $1 million credit line because they believed an erroneous rumor that he was associated with organized crime. Meanwhile, savings and loan customers are suing thrifts for such transgressions as mortgage-processing delays...