At Citi Holdings, Corbat had the thankless task of trying to stem the losses from billions of dollars in unsecuredpersonalloans and other unwise investments while simultaneously trying to negotiate the best price possible for them in a sale.
Apart from student loans, Discover also provides personalloans which are unsecuredloans with fixed interest rates, fixed terms and fixed payments, and are primarily intended to help customers consolidate existing debt, although they can be used for any reason.