As the takeover of Bear was being finalised, it extended lending through its discount window, usually reserved for commercial banks, to all bond dealers; for the first time, investment banks have a lender of last resort (though too late for Bear ,alas).
President Obama and his Democratic allies in Congress are hoping that voters will punish Republicans in the midterm elections for obstructing his efforts to extend unemployment benefits, expand lending to small businesses, and increase aid to struggling state and local governments.
In response, Brussels would extend a lending hand.
Hexion Specialty Chemicals suffered a serious legal blow on Friday when a New York State court judge refused to extend the lending commitments from the company's banks for its proposed merger with Huntsman.
Of course, the opportunities for disruption at the hands of disintermediation extend beyond lending.
Asian stocks had also gained Thursday a move on Wednesday by American, European and Swiss central banks to extend emergency lending facilities for large banks.
The higher the spread, the greater the expectation of default.Once again, CDS spreads on Wall Street banks are pushing higher, having fallen in March after the Federal Reserve extended emergency lending facilities to them.
Transnational landlords' domination extends through lending to smaller buy-to-let landlords.
He asked John Iossifidis, a top Mashreq executive, to temporarily extend its lending limits.
Mr. Trichet said that the decision by the E.C.B.'s governing council to extend unlimited lending to banks was unanimous.
