Banks slow in passing rate cut irks consumer advocates
Banks have moved slowly to pass the Federal Reserve's rate cut to customers, drawing criticism from advocates who say households face higher fees. Major banks including Chase Manhattan, BankAmerica, and First Union trimmed prime lending to 8.25 percent after the cut, while primes remain benchmarks for loans and credit cards.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Chase Manhattan Corp
BankAmerica Corp
First Union Corp
Fed
Entrepreneurs Prepare For Success In Five Steps
This article urges aspiring business owners to study goals, take a management course, craft a complete business plan, complete a loan application, and test market ideas. It emphasizes time commitment and financial risk, noting owners may lose savings while employees face layoffs. It highlights preparation as the best protection for entrepreneurship.
Starting a Small Business and Testing Market Viability
The guide outlines why to become an entrepreneur and emphasizes a ten year plan. It covers startup maturity after five years, the need for management experience, preparation for financing, and the SCORE program with the Aiken office in the Chamber building offering Wednesday sessions at 641-1111.
MENTIONED IN THIS ARTICLE
Vines
Score Association
Service Corps of Retired Executives
Aiken Score
Chamber of Commerce
Richland and
York St
SCORE
Also Mentioned on This Page
Alan Greenspan
Associated Press
Honda
Toyota
Detroit
National Insurance Crime Bureau
Washington
National Cable Television Association
Torie Clarke
U.S
Saudi Arabia
IRS
Werk
Harris & Company
Aike
Aiken
Ddminc.net
Eoo
Cellular One
Cory Waeey
Augusta
C Washington Rd
W. Augusta
Averngers West Pkwy
Downy Pkwy
Waynesboro
Liberty St
Cellularone
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