Word: loans
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...University has inked a custom loan arrangement with financial services giant JPMorgan Chase designed to make it easier for international graduate students to fund their education, Harvard officials announced Friday...
...were concentrated in four big banks, one-third of all banks lost money in the fourth quarter, and only 36% reported year-over-year increases in quarterly earnings. The banks are clearly bracing for more bad news, setting aside more than 50% of their operating revenue to cover possible loan losses...
...During the savings and loan crisis in the late 1980s and early 1990s, 747 banks and S&Ls failed. Taxpayers pay to protect bank customers' money, as is true with any bank failure involving FDIC-insured deposits. A taxpayer with $100,000 of insured cash in his local bank might get lucky. If the firm goes under and his deposits are saved by the FDIC, his years of paying taxes will come back to him with a profit...
Harvard has inked a custom loan arrangement with financial services giant JPMorgan Chase designed to make it easier for international graduate students to fund their education, University officials announced Friday. The recently signed deal with JPMorgan, which had been in the works for over six months to replace a previous arrangement with Citibank, will provide eligible international students with loans up to the total cost of attendance at Harvard’s graduate schools. The announcement did not contain further details for the program, and both JPMorgan and a number of Harvard financial aid officers declined to comment Friday afternoon...
...jeans and TV sets dries up in the United States. In January, exports plunged 17.5% from the same month a year earlier. Nor are the more negative convinced that the better data coming out of China are as meaningful as they appear. Take, for example, the record level of loans, which some argue won't stimulate growth as much as expected. There are signs that some borrowers, for example, are trying to turn a quick profit by capitalizing on differentials in interest rates. The loan growth may also not be sustainable, as government concerns about rising nonperforming loans could lead...