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...Indeed, deposits are currently growing at rates unheard of in more mature economies. Out of a total of 7 million bank accounts held by Vietnamese, 6 million were opened in just the past two years. Up to now, the biggest beneficiaries have been Vietnam's 34 small private banks such as Sacombank that, unlike the state-owned banks, are relatively unburdened by government directives aimed at managing the economy. Catering to individual depositors and small-business borrowers, private lenders have powered much of the industry's recent growth. Among their target customers are people like Nguyen Thi Tuyet. Four years...
...clear field Vietnam's private banks have enjoyed will disappear with the entry of foreign financial giants, which bring lending expertise and deep pockets that are impossible for their in-country rivals to match. Vietnam's largest private bank, Asia Commercial Bank, has total assets of just $2.8 billion, compared with Agribank's $14.6 billion. To compete, private banks are aggressively raising capital by selling shares to Vietnamese and foreign investors. For example, Ho Chi Minh City-based Eastern Asia Bank has built up a $1.35 billion war chest, according to its CEO, Tran Phuong Binh. The bank plans...
...affiliates underscores the depth of support the former Harvard Law Review president and University of Chicago law lecturer enjoys among Harvard professors. Obama’s chief rival for the Democratic nomination, Senator Hillary Clinton of New York, took in less than half of Obama’s Harvard total, raising over $33,000 from University affiliates. The other major recipient of Harvard money was former Massachusetts Governor Mitt Romney, a Republican, who raised nearly $23,000. In total, Harvard employees donated just over $150,000 to 2008 presidential candidates in the first quarter of this year, according to federal...
...called "as applied" challenge, the court could see when the procedure was necessary to protect a woman's health and rule the law unconstitutional in those situations. (As the dissent points out, there may be logistical problems with how this would work in practice). It wouldn't be a total victory for abortion rights, but it would be better than nothing...
...number of seniors selected before graduation brings the class’ total membership in the society to 10 percent...