- Insider Lending
- When a bank makes a loan to one or more of its own officers or directors. Many countries, including the U.S., require that the provisions of these loans match those of comparable bank customers. This is done to ensure fairness and limit the access to bank funds by insiders.
The 1991 law that recapitalized the FDIC also mandated new restrictions on the loan provisions offered to bank insiders. The restrictions include requiring the same loan rates, repayment terms and evaluation of the borrower/insider's ability to repay the loan. This term should not be confused with insider trading.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Maverick National Bank — The Maverick National Bank was a bank in Boston, Massachusetts, USA. It was established in 1854 in East Boston and failed on October 31, 1891. The bank had extended large loans to its president, Asa P. Potter, who used the funds for… … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Economy of Russia — Russia is a unique emerging market, in the sense that being the nucleus of a former superpower shows more anomalies. On one hand, its exports are primarily resource based, and on the other, it has a pool of technical talent in aerospace, nuclear… … Wikipedia
Occupy Wall Street — This article is about the protests in New York City. For the wider movement, see Occupy movement. Occupy Wall Street Part of the Occupy movement … Wikipedia
Chinese property bubble — An empty corridor in the mostly vacant New South China Mall. The Chinese property bubble is an alleged ongoing real estate bubble in residential and/or commercial real estate in the People s Republic of China. The phenomenon has seen average… … Wikipedia
Angelo Mozilo — Angelo R. Mozilo (born 1938) was the chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008. Condé Nast Portfolio ranked Mozilo second on their list of Worst American CEOs of All Time . Contents 1 Life … Wikipedia
Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha … Wikipedia
Contract for difference — In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller , stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at… … Wikipedia
List of Statutory Instruments of the United Kingdom, 1989 — NOTOC This is a complete list of all 1534 Statutory Instruments published in the United Kingdom in the year 1989.1 100* Criminal Justice Act 1988 (Commencement No. 5) Order 1989 S.I. 1989/1 * Food Protection (Emergency Prohibitions) (Wales)… … Wikipedia
Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System … Wikipedia