Word: strongly
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...bank in the northeast. By October 2008 Sovereign's stock had fallen 85% and Santander exercised its right of first refusal to buy the remaining 75% for $1.9 billion. Now it has to hope Sovereign is worth more than the peanuts Santander paid for it. "If a bank is strong, it is not for sale. Banks are sold, not bought," says Juan Rodríguez Inciarte, Santander's director general and an architect of its international expansion. Inciarte says Santander will give Sovereign the same treatment it gave the U.K.'s Abbey National bank, an ailing mortgage provider it bought...
...Barclays—which headed a group of five investment banks that managed the bond sale—said in interviews with The Crimson last week that Harvard’s bonds were particularly appealing to investors given the University’s excellent credit rating and its strong reputation in the market. A high level of demand tends to drive down the yield on bonds...
...executives said they considered the below-market rates on Harvard’s latest debt issuance unusual but not surprising, in part due to the University’s strong brand name...
Harvard rarely issues debt, has nearly universal name recognition, and is located in a state with “strong wealth demographics,” said Steve Milano, who is also a managing director at Barclays, noting that these factors contributed to the success of the sale...
University of Vermont also had a strong showing at the competition, finishing second overall and taking the top two spots in the Men’s Giant Slalom. Harvard senior Christopher Kinner came in 32nd place with a total time of 2:07:49, almost eight seconds behind first place. The Catamounts also took the top spot in the women’s version of the event, while the Crimson’s top finisher was junior Margie Thorp in 37th place with a time...