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Green Tree, Cityscape take big hits, rocking specialty finance business.
- Source :
- American Banker; 11/17/1997, Vol. 162 Issue 221, p1, 2p
- Publication Year :
- 1997
-
Abstract
- Reports on the impact of massive charges declared by specialty firms Green Tree Financial Corp. and Cityscape Financial Corp. on the entire American specialty finance business. Green Tree's decision to add 125 million dollars in reserves to offset rising loan repayments; Cityscape's pretax charge; Resignation of Cityscape chief executive and founder Robert Grosser; Fall of stock prices in the sector.
- Subjects :
- FINANCIAL services industry
Subjects
Details
- Language :
- English
- ISSN :
- 00027561
- Volume :
- 162
- Issue :
- 221
- Database :
- Complementary Index
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- 9711250376