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Employees who were laid off answered the phones, responded to mail and performed other back-office tasks for customers who bought funds directly from the company.
There is a new strand of extra-budgetary populism: extracting funds directly from corporations or businessmen, by selling the city's policies to build what pleases the people.
For the first time in more than 100 years, corporations can now legally spend unlimited funds directly from their treasuries to influence elections.
While neither HSBC nor Barclays have taken funds directly from the taxpayer, both are benefiting from the estimated £1.2tn of taxpayer funds helping to prop up the sector, through a number of government schemes.
Unlike PayPal, a full-fledged payment system that can be used to transfer money between individuals and can draw funds directly from bank accounts, Checkout merely offers users an easy way to use their credit cards.
Many big companies are in any case able to bypass banks and raise funds directly from the markets by issuing bonds or shares.If all goes well, a sustained recovery can be driven by net trade and business investment.
Similar(38)
Academies are independent, state-funded schools, which receive their funding directly from central government, rather than through a local authority.
"Lee made the decision to gain and seek funding directly from gambling industry operatives.
The original version of this article suggested that E&E Legal received funding directly from Alpha Natural Resources.
In 2006 it received the vast majority of its funding directly from Whitehall, with only £14m from "external" funding.
The World Service is to be funded directly from the BBC licence fee, along with BBC Monitoring, rather than a Foreign Office direct grant, from 1 April.
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