The loan clients he tried to assist failed to satisfy their contractual obligations.
MetLife will continue to service current home-loan clients and offer reverse mortgages, the company said.
Despite a last-ditch effort by Bear Stearns to bail the funds out by offering a $3.2 billion loan, clients in both funds lost 100percentt of their investments.
But there was a shift during the speculative boom of the 1990s, when analysts were directly compensated by their firms for promoting the sale of shares and the purchase of bonds for investment banking and loan clients.
ELAINE KUNTZ, who at the time worked for Beneficial, recounted in the 1995 memo how she had dressed down a colleague for describing the refund anticipation loan clients as "one step above pond scum".
He rankled commercial loan clients by dropping less-profitable corporate borrowers who weren't generating enough noninterest fee income.
I also asked the firm about its views on Square's recent move into loaning clients money for expansion purposes.
Recently, Burt turned his fertile social entrepreneurship imagination to the foundation's group loan clients.
In 2004, Beatriz was one of our micro loan clients and came to us for a larger loan.
In 1995, we were still promoting the idea that low-income women entrepreneurs were optimal loan clients.
