More insidious is a practice know as "mutual-payment guarantees" in which chaebol subsidiaries promise to pay third-party lenders if their sister firms default on loans.
Clan members had mutual duties in payment of blood money, bride-price, and burial expenses; they observed a common cult that included the organization of a clan bear festival, usually held in honour of a dead clan kinsman.
The Consumer Banking business segment offers internet banking; deposits; remittances and payments; mutual funds; banc assurance; credit cards; and home loans.
The investment options in the plan are chosen through a cozy, complicated and little understood process by which mutual funds make payments to brokers and insurance companies in order to get selected for a coveted place in the line-up of funds from which participants are required to make their selections.
While other large companies cut or eliminated dividend payments this year, Washington Mutual actually increased its dividend payment by a penny, to 24 cents a share.
These service fee payments are legal business agreements where mutual fund companies provide payment for administrative services they would otherwise provide themselves, the company said in a written statement.
Citigroup Asset Management Chairman and Chief Executive Thomas Jones said in a memo to senior managers that an internal investigation showed the unit had failed to pass on to its mutual funds a $16-million 16-millionceived from an unnamed agent.
In recent weeks, several leading TV writers have been quietly lobbying directors to stress their mutual concerns, such as payment for work on the Web, and to make it clear they won't accept a deal that mirrors what the studios have already offered.
"The receipt of such payments could create an incentive for the third party to offer the funds instead of other mutual funds where such payments are not received," the Dreyfus filing stated.
There are some limits on soft-dollar payments for mutual fund companies now.
She wanted Washington Mutual to lower her payments so she could afford them, catch up and remain in her house.
