Word: banking
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...UC’s bank balance is $63,791.21. But after the UC defied administrative edict and ploughed on with its quasi-legal party grant system last week, the College announced that it would not disburse the funds normally earmarked for the UC, meaning that what would otherwise be the first installment of the UC’s budget for this fiscal year remains in some locked drawer in University Hall, not in the UC’s bank account. Where, then, did the $63,791.21 come from? On Sunday evening, Treasurer Anthony R. Britt ’10 told...
...past fiscal mismanagement while fighting—with much fanfare—the College’s demands that it better audit its finances. And it is inexcusable that, at last Sunday’s UC meeting, the UC entered “executive session” when its bank balance was up for discussion, closing the proceedings to non-UC members and the media. (The minutes from that executive session were subsequently made public...
Yunus noted the villagers’ gratitude, and after facing resistance from bankers in Bangladesh who refused to loan money to the poor, Yunus decided to start Grameen Bank...
Responding to a question about further expansion of the bank, Yunus noted that 85 percent of the 120 million people with access to microloans are located in Asia. Yunus pointed to other nations where Grameen and its partners are expanding their reach, such as Argentina and Turkey...
...Grameen Bank also provides nearly 50,000 scholarships to students from high school through graduate school...