Comments for Worried Banks Sharply Reduce Business Loans »
Posted By engineer 1 year, 5 months ago in Business & FinanceBanks 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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engineer1 year, 5 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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mikeavatar9 months, 4 weeks ago
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Hey Jordan i agree u comments if they allow to reduce the Home Loans interest
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