11 May 2008
Posted by James Breen at 5/11/2008 5:55:00 PM
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Posted at 17:55 0 comments
11 May 2008
Posted by James Breen at 5/11/2008 4:32:00 PM
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Lending standards at U.S. banks are increasingly stringent, according to the Federal Reserve's April 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices. The survey showed tighter lending terms and standards for mortgages, business loans and credit cards between January and April. The Fed said 55% of domestic banks reported higher lending standards for commercial and industrial firms, and 80% reported tighter lending to consumers. "The net fractions of domestic banks reporting .. Read the rest of this entry.
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Posted at 16:32 0 comments