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The role of banks, he said, should be to provide finances for mortgages, assets and purchases – things with "quantifiable cash flow that will be able to generate the amount of money that's needed to cover the loan".
The private-equity fund that owned the City Link parcels business wrote to the company as recently as late September pledging to provide finances to keep it going for another year.
The program is designed to provide finances, training, students, and scientists to the participating MSIs; what Jearld calls building "institutional capacity".
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(International banks refused to provide financing).
Congress should provide financing to expand such programs nationwide.
Subsequently, the G7 asked the EBRD to provide financing.
JPMorgan Chase advised Caterpillar, and will provide financing.
One banker said yesterday that GE Capital, the financing arm of General Electric, might also provide financing.
To smooth things along, the F.D.I.C. will provide financing on assets transferred to the new bank.
In bankruptcy, the government would also have to provide financing for the company to operate.
They provide financing, check-clearing and other tasks for retail credit unions.
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