To say that Citibank has had more than its share of problems would be an understatement. In May, for instance, the bank agreed on a 2.65 billion settlement with investors who bought stock and bonds in WorldCom before it filed for bankruptcy. Later that month, the Federal Reserve fined the bank 70 million for abuses in personal and mortgage loans to low-income and high-risk borrowers. In June, Citigroup suspended two executives in China, citing them for presenting false financial information to Chinese regulators and to the bank itself. In August, British regulators began an investigation of a 13.5 billion bond trade that was executed by Citigroup. Then, in September, Japan ordered Citigroup to close its private banking unit there for, among other things, failing to guard against money laundering. That was apparently the last straw for CEO Charles Prince. After a very public apology to the Japanese people, Prince set about on a daunting task -- changing the corporate culture of the financial giant. Is it possible Yes, ... But it's not probable. There's very little meaningful change that can go on in an organization because of past investments, taken-for-granted assumptions, vested interests in the status quo, inertia and other deeply rooted factors.
Quotes about borrowers (16 Quotes)
We continue to be very pleased with our loan growth numbers and the ongoing demand among borrowers for our loan products in all of the markets we serve in Nevada and Arizona. Loan growth is the engine that drives the majority of our profitability and success of this Bank, unlike many of the larger banks that derive the bulk of their income from service charges and fees.
Great collections of books are subject to certain accidents besides the damp, the worms, and the rats one not less common is that of the borrowers, not to say a word of the purloiners.
Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.
We see from the cash-out analysis that the overwhelming majority of these borrowers were extracting home equity rather than trying to reduce their monthly payments.
Many borrowers will want to protect their loans - in recent weeks we have seen many redundancy announcements, and it stands to reason that borrowers may be nervous about their ability to repay loans - but it makes sense to track down the cheapest on the market.
For such kind of borrowing as this, if it be not bettered by the borrowers, among good authors is accounted Plagiar.
It's never been more important for borrowers to arm themselves with knowledge and build sound financial-management skills.
That's the key, it's a 100 percent loan guarantee. The other reason it's proven to be highly successful is in our ability to market the program not only to lenders but to borrowers as well.
No gentleman can be without three copies of a book: one for show, one for use, and one for borrowers.
Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties.
Take the whole range of imaginative literature, and we are all wholesale borrowers. In every matter that relates to invention, to use, or beauty or form, we are borrowers.
The refinance share of mortgage applications in the fourth quarter of 2005 was 45 percent while the average rates on 30-year fixed-rate mortgages climbed 0.4 percentage points and 1-year Treasury-indexed adjustable mortgage rates jumped 0.6 percentage points from third-quarter averages. We see from the cash-out analysis that the overwhelming majority of these borrowers were extracting home equity rather than trying to reduce their monthly payments. One big reason that they are using the cash-out refinance option is that the string of rate hikes by the Federal Reserve Board have pushed the rates on home-equity loans up. Home-equity loans are typically linked to the prime rate, which currently is at 7.5 percent. In contrast, the average rate on 30-year fixed-rate mortgages is presently near 6.25 percent.
Borrowers of books -- those mutilators of collections, spoilers of the symmetry of shelves, and creators of odd volumes.
If a bank reruns a credit report and sees a late mortgage payment or any change in the borrowers financial picture, it would be reason for the lender to withdraw the loan.
Borrowers are nearly always ill-spenders, and it is with lent money that all evil is mainly done.