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According to a document leaked to Shukan Bunshun, a news magazine, Fuji Bank, Dai-ichi Kangyo Bank and the Industrial Bank of Japan (IBJ), which have linked up to form the Mizuho Financial group, found some startling differences in their classification of borrowers when they got together.
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Industry consultants, in their attempt to feed the demand for finer classifications of borrowers, have coined new labels to describe different borrowers with similar credit scores.
Pricing in repo markets increasingly reflect the geographic origins of borrowers and of borrowers' collateral.
That $36 billion will come out of borrowers' hides, of course.
Bangladesh has the largest numbers of borrowers of any country.
One-quarter of borrowers paid $781 or more in fees.
There is little appetite on behalf of borrowers or creditors.
Historically low interest rates buoyed all kinds of borrowers.
The central bank closely guards the identity of borrowers.
Hyman Minsky, an American economist, distinguished three kinds of borrowers.
Other types of borrowers have been erroneously evicted, too.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com