Bill & Mala Harker Endowed Scholarship Established at Fairmont State University
Clarksburg native and president and co-founder of a private investment firm and his wife, an attorney, have developed a scholarship to support students from Harrison and Marion counties.
Bill and Mala Harker have established the Bill & Mala Harker Endowed Scholarship, which will provide scholarships to a Fairmont State University student with first preference to African American students and second preference to students of color from Harrison County and Marion County with at least a 2.5 grade point average.
“Having grown up in the Clarksburg area, I am keenly aware of how much Fairmont State and its graduates have given to the community,” Bill Harker said. “We have a number of friends who are Fairmont State alumni. We see this scholarship as an opportunity to give back to an institution that has indirectly enriched our lives.”
Clarksburg native Bill Harker and his wife Mala Harker. SUBMITTED PHOTO
FAIRMONT â A Clarksburg native and his wife have established a scholarship at Fairmont State University targeting students from Harrison and Marion counties.
William Bill Harker and his wife Mala Ahuja Harker, of New Jersey, made an undisclosed donation to the Fairmont State Foundation Inc. to fund the Bill & Mala Harker Endowed Scholarship that provides first preference to Black students and second preference to students of color from Harrison and Marion who have at least a 2.5 grade point average.
âHaving grown up in the Clarksburg area, I am keenly aware of how much Fairmont State and its graduates have given to the community,â said Bill Harker. âWe have a number of friends who are Fairmont State alumni. We see this scholarship as an opportunity to give back to an institution that has indirectly enriched our lives.â
Some of the world’s biggest banks are urging a US judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a “price-fixing cartel”.
Defendants in the case, including JPMorgan Chase, Credit Suisse and Deutsche Bank, said in a November filing that an injunction abruptly ending the London interbank offered rate would wreak havoc on financial markets and undermine years of work reforming the reference rate.
The plaintiffs, which include 27 consumer borrowers and credit card users, are also seeking monetary damages.
Attorneys not involved in the case say the chances of an injunction are slim. Yet it underscores the risks and legal costs for banks that continue to prop up Libor, which still underpins hundreds of trillions of dollars of financial assets around the world. It also highlights the fragility of the discredited benchmark, which in theory could be halted by a single court decision.
MONEYWEB
app instead?
San Francisco judge to render a decision on an injunction without a hearing.
By William Shaw and Joel Rosenblatt, Bloomberg
13 Jan 2021 10:51
Image: Shutterstock
Some of the worldâs biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a âprice-fixing cartel.â
Defendants in the case, including JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG, said in a November filing that an injunction abruptly ending the London interbank offered rate would wreak havoc on financial markets and undermine years of work reforming the reference rate. The plaintiffs, which include 27 consumer borrowers and credit card users, are also seeking monetary damages.
Global banks warn of market chaos if court will abolish LIBOR bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.