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Word: nonbanker (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
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Usage:

...charge 80% of the time when someone puts a card in a B. of A. machine." Moreover, he says, the cost of the transaction is just a small part of the bank's expenses, which include purchasing, installing and maintaining the machines as well as paying rent at nonbank locations. "Banks are being singled out for special treatment," Magnani says. "What other industry has been told it can't charge for products and services?" Concurs Robert Litan, a Brookings Institution economist who has completed a study of ATM fees for the American Bankers Association: "There is no justification for imposing...

Author: /time Magazine | Title: The War on ATM Fees | 11/29/1999 | See Source »

...Asia is experiencing severe growing pains. Banks have loaned too much money, using inflated property values as collateral. In Thailand many banks have loaned more money than they have on deposit, and some 20% of the nation's lending has been done by especially aggressive, largely unregulated nonbank financial companies. Most of these "fin-cos" are headed for extinction. It's a recipe for a flood of bad loans and higher interest rates. The economy there is headed for a slowdown, possibly a recession, in short order...

Author: /time Magazine | Title: WHY THE ASIAN CRASH MATTERS TO YOU | 11/3/1997 | See Source »

...side: unlike companies with no revenue and barely more than a product design, MoneyGram has a real business. Last year it earned $18 million on revenue of $137 million. Earnings are down a bit this year, but money transfers are on the rise. It has 16% of the worldwide nonbank consumer-money-transfer market. But Western Union, the granddaddy of the wire business, claims 81% of the market. "Our big concern is Western Union's dominance," says Travis Farr, analyst at IPO research firm Renaissance Capital. But market dominance is only the start of what should concern would-be MoneyGram...

Author: /time Magazine | Title: HOW TO REALLY WIRE CASH | 12/9/1996 | See Source »

Those profits may have come at a price. Not only did bankers lose many loyal customers by withholding credit, they also inadvertently opened the door to a herd of nonbank competitors, who stampeded into the lending market. "The banking industry didn't see this threat," says Furash. "They are being fat, dumb and happy. They didn't realize that banking is essential to a modern economy, but banks...

Author: /time Magazine | Title: Are Banks Obsolete? | 6/28/1993 | See Source »

That's the way the credit crunch has brought rapid growth to many nonbank lenders. "There is plenty of demand for financing from small companies," says Access Capital president Miles Stuchin. "It's just that the banks are turning them down." Stuchin set up a finance company in 1986 that Inc. magazine last year placed in the top 20% of the 500 fastest-growing companies...

Author: /time Magazine | Title: Are Banks Obsolete? | 6/28/1993 | See Source »

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