Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
When petroleum was still a pricey commodity, Texas oil barons had little trouble getting loans. But as the value of oil has plummeted in recent months, the state's banks have watched in alarm while many borrowers were unable to make payments. Last week InterFirst of Dallas, the third- largest Texas bank holding company, said that it expects second-quarter loan-related losses of at least $260 million...
...problems may stem partly from questionable policies. One of InterFirst's subsidiary banks gave an $80 million loan to former Director Edwin Cox Jr., a wealthy Texas rancher. Cox resigned last month after the value of his collateral became inadequate. Banking regulators are studying whether InterFirst broke a U.S. law that puts restrictions on loans to bank directors...
...incident, the judges decided, Cohn spent nearly two decades evading repayment of a $100,000 loan from a woman whose divorce he had handled in 1966. Cohn claimed the money was simply an advance against future services, but the court cited 23 documents, some of them written by Cohn himself, indicating that it was a loan. Cohn's firm returned the money in 1984, but only after the misconduct proceedings against him had started. The court also found that a $94,000 escrow account entrusted to Cohn's firm was misappropriated in a "bizarre series of events," and that...
...Bulletin used an IBM 4381 to analyze 30,000 low- interest mortgages issued by the Rhode Island Housing and Mortgage Finance Corp. By matching mortgage issue dates with the bond issue that financed them, the machine helped expose a "secret fund" that apparently was used to give out RIHMFC loans to politically connected people like the daughter of former Governor J. Joseph Garrahy (who has since returned the loan). Following the revelations in the Journal-Bulletin, the Fleet National Bank and 24 individuals were indicted...
...loan exhibition of "Gothic and Renaissance Art in Nuremberg, 1300-1550," on view at New York City's Metropolitan Museum through June 22, is the kind of show that one hopes to see in a great encyclopedic institution like the Met. It is not, in the common show-biz sense, a blockbuster. It takes a fascinating but unfamiliar subject and handles it with immense art- historical skill. It enlarges one's sense of civilization...