Worried Banks Sharply Reduce Business Loans »

Posted By engineer 1 year, 4 months ago in Business & Finance

Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.

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engineer

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My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...

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    engineer1 year, 4 months ago

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    Two vital forms of credit used by companies — commercial and industrial loans from banks, and short-term “commercial paper” not backed by collateral — collectively dropped almost 3 percent over the last year, to $3.27 trillion from $3.36 trillion, according to Federal Reserve data. That is the largest annual decline since the credit tightening that began with the last recession, in 2001.

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      jordan111 year, 4 months ago

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      The trouble with 'small' business is that they're small. If they were big, the government would be giving them anything they needed.

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