According to an Associated Press news release, a July survey of 50+ banks conducted by the Federal Reserve found that "A majority of banks tightened their rules for granting loans to businesses and consumers. The survey shows little appetite at banks to lend for home mortgages, credit cards, home equity loans, commercial real estate loans, or commercial and industrial loans."
On loans for commercial real estate, about 80% of domestic banks said they tightened lending standards, the same fraction as in April. About 35% of foreign banks, down from 55% in April, said they had tightened standards on these loans.
Posts
No comments:
Post a Comment