Word: shorings
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Beleaguered financial institutions looking to shore up their funding are battling for your deposit dollars, driving interest rates on bank products abnormally high. At first glance, that's fantastic news for consumers who are finding CDs that yield 4% and money-market accounts that pay 3%. But the competition for money - which will surely intensify as new bank holding companies like Morgan Stanley, Goldman Sachs and American Express amp up efforts to attract deposits - is also squeezing banks' profit margins, further straining an already weak industry and stressing smaller banks, many of which didn't go hog wild making risky...
Harvard Vice President for Finance Dan Shore declined to comment this weekend on reports of the new debt sales...
Multiple media outlets recently reported that Harvard was also seeking to shore up endowment holdings by selling $1.5 billion of its private equity portfolio at a drastically reduced price, but Forst declined to address those reports...
Multiple media outlets recently reported that Harvard was also seeking to shore up endowment holdings by selling $1.5 billion of its private equity portfolio at a drastically reduced price, but Forst declined to address those reports yesterday...
That sense of unease is making it difficult for lifelong Mumbaikars to return to the lives they knew before the attacks. Sheetal Mafatlal, owner of the retailer Mafatlal Luxury and member of a prominent local business family, went to her office in Nariman Point today mainly to shore up the morale of her employees. "It shows a lot of courage that they decided to show up," she says. "We must get back to work." But she is unsure what the future will hold. "There's an economic meltdown on top of this. It's going to take a while...