Aug
24

Credit Expected To Stay Tight For another Year

By

– Charlotte Business Journal

Lending standards will remain tight until the second half of 2010, according to senior loan officers at large banks.

The Federal Reserve Board’s survey of bank lending practices over the past three months found that domestic banks continued to tighten standards and terms on all major types of loans to businesses and consumers. Demand weakened for all types of loans except prime residential mortgages.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.bizjournals.com/charlotte/stories/2009/08/24/daily1.html?ana=from_rss

Be Sociable, Share!
    Categories : National News

    Comments are closed.