Washington Post (April 14)
2023/ 04/ 15 by jd in Global News
“Businesses and consumers have found it more challenging to obtain financing.” Federal Reserve data shows “commercial bank lending fell by over $100 billion in the two weeks ending March 29,” which was “the largest two-week cutback in overall bank lending… in records going back half a century.” The same period also brought “the largest decline in commercial and industrial loans on record. And the largest decline on record in lending to real estate, and the largest decline on record in bank holdings of mortgages.”
Tags: Businesses, Challenging, Commercial bank, Consumers, Cutback, Decline, Fed, Financing, Industrial, Lending, Real estate
