Word: stanley
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...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 loans in the first place. "Higher rates are a short-term fix," says...
...more competition is on the horizon. In the past two months, Goldman Sachs, Morgan Stanley, Raymond James, GMAC, American Express and business financier CIT have all applied to convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth...
...globe interviewing the victims, culprits, and arbitrators of human rights atoricities. Yet, she found the inspiration for her Pultizer Prize-winning work,“A Problem from Hell: America and the Age of Genocide,” right here in Cambridge. With the encouragement of University Professor Stanley Hoffmann, what started as a 30-page assignment grew into an 80-page term paper and ultimately a book. Power, along with dozens of other scholars, paid tribute to Hoffmann’s influential career at an 80th birthday celebration held at the Minda de Gunzberg Center for European Studies...
...hope it’s not too embarrassing for Stanley,” said Peter A. Hall, a professor of European studies. “He’s a very modest man; I’m sure the event will be excruciating...
...news story, "CES Founder Lauded at 80," repeatedly misspelled the name of the founder of the Center for European Studies. His name is Stanley Hoffmann, not Hoffman...