Summary
[...] banks are interested in generating core deposits and in making "traditional commercial loans," such as business lines of credit, equipment loans, inventory loans, and loans backed by accounts receivable, Fewel says. Malyn Malquist, an executive vice president at Avista Corp. who until recently was the Spokane utility's chief financial officer, says the bond markets that utilities like Avista tap are even more volatile now than when inflation raged relentlessly in 1979 and 1980, helping Ronald Reagan wrest the White House away from Jimmy Carter.
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Bankers Are Cautious, but Still Ok Loans
With the financial markets in turmoil, businesspeople here will be watching to see whether their friendly banker still will be so chummy, but bankers here say that while they might be a bit more cautious, they're not going to snub solid would-be borrowers.
Peter Stanton, chairman and CEO of Washington Trust Bank, says he's heard little worry expressed by the Spokane bank's customers thus far about available cr...See the full content of this document
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