Word: losses
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Dates: during 2000-2009
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...other words, improvement means different things to different bank bosses. Mounting bad debt at Lloyds drove it to a $6.8 billion loss in the first half of this year, some distance from the $4.8 billion profit recorded in the same six months of 2008. Northern Rock, nationalized early last year after a run on its deposits in 2007, slumped to a pretax loss of $1.2 billion in the first half, far worse than the $984 million shortfall recorded in the same period of 2008. A stellar six months at the investment-banking unit of London-based HSBC, meanwhile, helped prop...
...government has a 43% stake, predicted "high single-digit income growth" within two years. Analysts expect a steep hike in provisions for bad loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week. After falling to a $40 billion loss last year, the largest in U.K. corporate history, RBS - more than two-thirds of it in government hands - should at least break even this time around, Maughan reckons. At the very least, it will be another report of improvement...
...problem is already massive. When the value of a house is less than its mortgage, a homeowner can't sell and pay off his debt. If a house becomes unaffordable - because of job loss, say, or an adjusting mortgage interest rate - the homeowner is trapped. Underwater borrowers are more likely to default on their mortgages than those with positive equity. (See a chart showing metropolitan areas with the highest percentage of underwater borrowers...
...July. "There's been this misconception, fostered by the weight-is-beautiful groups, that weight doesn't matter. But the data are clear." NAAFA's public-relations director, Peggy Howell, says her group doesn't encourage anyone to lead an unhealthy lifestyle but recognizes that for some people weight loss isn't possible. "We don't encourage people to get fat," Howell says. A 2008 Yale University study suggests weight discrimination is now as prevalent as race or gender discrimination, a trend Howell says is unacceptable. "As a citizen of the U.S., just because I carry more weight...
...million of his own money in his successful race for the U.S. Senate and an estimated $38 million in his first gubernatorial election, and he is expected to do the same again now (though the market crash hasn't been kind to him; last year he reported a loss of nearly $3 million, and he's also been through an expensive divorce rumored to have cost him tens of millions). Christie, by contrast, has elected to stay in the public-financing system, limiting the amount he can spend to $11 million, though the Republican National Committee and Republican Governor...