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Released: October 18, 2011
Banks start to make more loans
Source: Eric Dash & Ben Protess, N.Y.Times (Free Registration)
Despite all the bleak economic news, a funny thing has been happening in the financial industry over the last few months: the banks have quietly turned on the lending spigot.
Loan growth is still modest. And it remains heavily weighted toward the strongest corporate and consumer borrowers. But after several quarters of having their loan balances plunge or flatten out, several of the nation’s biggest banks are reporting increases.
Read Full Article: Banks start to make more loans
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