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U.S. banks tighten credit standards

nationalpost.com » 2008 » February » 5th » U.S. banks tighten credit standards

Tagged: economics, banks

The subprime contagion has caused U.S. banks to tighten their lending standards for both business and individuals, further squeezing activity in the slowing U.S. economy, a U.S. Federal Reserve survey shows. “The bottom line is that this is not good news in terms of economic growth,” Joshua Shapiro chief U.S. economist at MFR in New York said of the Fed’s January 2008 Senior Loan Officer Opinion … Continue Reading »

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