Word: loans
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Dates: during 2000-2009
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...Well, cold cash money doesn't seem to be doing the trick too well either. On Tuesday, July 28, executives from firms such as Citigroup, JPMorgan Chase and Wells Fargo were invited to a meeting at the Treasury Department for a little pep talk about increasing the number of loan modifications. Officials at Treasury, along with the Department of Housing and Urban Development (HUD; co-host of the head-knocking session), have been underwhelmed by the rewrites. The government's original goal was to get more-affordable monthly payments to 3 million to 4 million borrowers. As of mid-July...
...Rajapaksa has been similarly noncommittal about Sri Lanka's economy, particularly in the north, which has suffered not just war but two decades of neglect. Aside from an application for an IMF loan, Rajapaksa's only major economic initiatives are a $1 billion port in his hometown in the south and a $26 million loan scheme for small businesses in the north, both of which, critics say, may be politically popular but are unlikely to make an economic impact. Muttukrishna Sarvananthan, principal researcher at the Point Pedro Institute of Development, notes that Rajapaksa has so far failed to explain...
...Sharon Katz is another matter. Politically, it is not easy for Netanyahu to face down the settlers. But if he does nothing, Obama will have to confront the Israelis more directly than has any other President since George H.W. Bush, who threatened to refuse granting Israel $10 million in loan guarantees as long as the expansion of settlements continued...
...most discouraging news remains Citi's loan portfolio. The bank's costs for bad loans jumped in the quarter by 81%, to $12.4 billion. The percentage of loans the company expects to go unpaid also continued to rise, though slightly less than before. Still, Citi's loans are going bad faster than those of many of its rivals. In the third quarter, the bank had a so-called net charge-off ratio, which is the percentage of loans that are likely to not be paid back compared to total loans, of 5.1%, according to CreditSights. That compares to a charge...
Bloomberg also reported that Harvard may pay an upfront fee to the creditors funding the loan on top of the interest, as well as 0.1 percent interest on any untapped loans...