1. Also Thursday, Credit Suisse was hit by a lawsuit filed in the United States asserting that Swiss banks had financed the apartheid regime of South Africa. 2. But as the local economy picks up momentum, banks again are financing home construction, analysts say. 3. Devised by Elliott Conway, a structured finance banker at Citibank, that deal, known as Nighthawk, was financed by banks, not the sale of bonds. 4. His bank then financed that loan by borrowing an equal amount in yen from a Japanese or European or American bank. 5. In the oil business, it is not unusual for banks to finance multimillion-dollar deals on the basis of a sketchy written agreement and a handshake. 6. In the past, banks financed mortgages under the assumption that a weak economy and property market would recover quickly. 7. It assumed that banks would finance industry and come to the rescue in times of need. 8. Japanese banks will finance a special pool of funds that will be used to write off bad loans at failed banks. 9. Large banks financed large companies in a way more modest-sized banks could not. 10. Others suggest channeling money into the already-burdened Deposit Insurance Corp., an emergency fund financed by banks, to insure depositors are protected. |