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Banks called in their loans to T.I.B.C.
Unnerved, informal lenders began calling in their loans and refusing new ones.
If they failed to do so, he said, banks would start calling in their loans.
Similarly, French banks were only just behind German institutions in their loans to Spain.
But when the assets backing these debts plunge and the banks call in their loans, the opposite can occur.
Europeans withdrew gold from American banks, leading the banks to call in their loans to American businesses.
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Back then, banks held mortgages in their loan portfolios — as some still do today.
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And, yet, along comes a 27-page outline of remedies that the banks would have to abide by in their loan servicing and foreclosure businesses.
A paper by Liran Einav and Jonathan Levin, both of Stanford, reporting on work with William Adams of Citigroup, shows how sophisticated automobile lenders can be in their loan technology.
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