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Citigroup top execs ready to forego bonuses: report - Reuters(Reuters) - Citigroup Inc's top executives and Robert Rubin, a director and senior counselor at the firm, are ready to forgo their bonuses this year as the bank reels from the effects of the financial crisis, the Financial Times reported. Rubin, a ...
Citi(adel) crumbles - Deccan HeraldProviding a holistic perspective, Erich Dash & Julie Creswell * recapitulate how Citigroup saw no red flags even as it made bolder bets in its adrenaline rush to riches. O ur job is to set a tone at the top to incent people to do the right thing and ...
Is this the end of the Washington consensus? - Gulf NewsBy Adel Safty, Special to Gulf News Published: December 01, 2008, 00:34 Several commentators saw in the financial crisis that rattled stock markets around the world signs of the inevitable decline of American primacy. The balance of power is changing ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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