ratio of owner's equity 8 %, the ratio of non- performing loan 8% or less). An indicator of financial soundness, such as the ratio of non-performing loan, BIS the ratio of owner's equity, delinquency is much better compared to other savings banks as showed in doubts below.
3. Solomon’s Financial Products
Solomon Bank deposit and loan products are as follows:
저축상품 대출
to capture more of the market.
조작 : 시장을 장악하기 위해 가격을 낮춤으로써 카르텔(기업연합)의 협정을 어기는 것
55. Circular flow of income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다
1. Introduction of the project
1) Purpose of project
Through the project, we want to build extensive knowledge about cruise industry and accounting analysis (common size analysis, comparative analysis, and ratio analysis). We believe that the project makes us accounting experts.
Cruise Industry has grown and continues to grow enormously in scale. It is frequently regarded as a small but sig
loan crisis : similar crisis of Korean savings bank crisis
Originally non-for-profit organizations,
built to help working-class purchase
homes
S&L organizations grew rapidly,
as the generation of baby boomers
started purchasing houses
S&L banks asked Congress to remove restrictions of their business in order to expand their business : Deregulation
As the com
to 3.2%(1983)
Therefore, steep increase of interest rate put people
with housing loan unable to redeem their loan
US government prosecuted 1800 executives of bankrupted S&Ls
Government also enacted ‘Financial Institution Reform, Recovery and Enforcement Act’ to persecute moral hazard
Strong attitude of the administration convinced tax payers of spending public