Fall of the winged messenger: sub-prime lending

Article Abstract:

People who are credit risks for most loan companies can obtain money from sub-prime lending companies, albeit at high interest rates. Lender Mercury Finance was close to bankruptcy after it misreported its 1996 profits, and investors are shying from companies that have such lending practices.

Personal credit institutions, Installment Sales Companies, Sales Financing, Commercial finance companies, Consumer finance companies

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King Wile and the Wasp: Smith Barney Shearson

Article Abstract:

Primerica chairman Sandy Weill hopes to make Smith Barney Shearson into an investment banking giant. A big step forward towards that goal was taken when he hired Robert Greenhill away from Morgan Stanley to become Smith Barney Shearson's new chairman and CEO.

Life insurance, Accident and health insurance, Officials and employees, Appointments, resignations and dismissals, Weill, Sandy, Primerica Corp., Greenhill, Robert, Smith Barney Shearson Inc.

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