Lender

RECENT NEWS
Financial Times  Sep 19  Comment 
Financial watchdog says CFO Lending committed a number of ‘serious failings’
The Economic Times  Sep 9  Comment 
The stock plunged 6.03 per cent to hit a low of Rs 1,250 on BSE. This was in addition to a 5.32 per cent fall on Thursday after investors gave a thumbs down to the QIP announcement.
New York Times  Sep 6  Comment 
OneMain Financial, the nation’s largest subprime installment lender, has not weighed in on proposed federal rules, but it has lobbied several states.
Forbes  Sep 1  Comment 
Shares in Yirendai, the first peer-to-peer lender from China to list at the New York Stock Exchange, plunged by 10% overnight as shareholder lawsuits against the company continued to pile up for an alleged failure to disclose risk.
guardian.co.uk  Aug 31  Comment 
Watchdog imposes penalty following settled lawsuit over accountancy firm’s auditing of Yorkshire lender PricewaterhouseCoopers has been fined £2.3m by the accountancy watchdog over its auditing of the subprime lender Cattles and its biggest...
Financial Times  Aug 28  Comment 
State-controlled insurer haggling over price with Italy’s biggest bank
New York Times  Aug 18  Comment 
The company plans to introduce a retail banking operation called Marcus, which will offer small consumer loans, which Goldman has traditionally avoided.




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Lender

Lets someone use something that belongs to them with the intention of getting it back. Lending gives the borrower greater flexibility in dealing with temporary fluctuations in cash flow. One who lends. [1]

Lending and borrowing are basically about smoothing out the flow of cash into and out of a persons budget. A lender receives interest on the principal that he lends, and the borrower pays back more than they receive. The lender gets paid for giving up the use of the money for a time, and must also be compensated for the risk of delayed or non-repayment of the principal by the borrower.

  • Neither a borrower nor a lender be;
  • For loan oft loses both itself and friend,
  • And borrowing dulls the edge of husbandry.
    • William Shakespeare ~ Hamlet [2]

From to lend, be surety for, pledge, to hide, protect. Apparently on the notion of collateral deposited as security for something borrowed. [3] Bury, to raise a mound, hide, bury, to shelter, protection, shelter, to save, preserve. [4]

References

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