According to a recent article in The New York Times, businesses shouldn't expect banks to begin lending more freely anytime soon.
Many banks will not really have the motivation to lend more aggressively until the Federal Reserve starts raising short-term rates, The New York Times said Thursday. "The trouble is, higher interest rates over all tend to cause the value of credit assets to fall.
New York Times Article Hints at Why Banks Aren't Lending
Posted by mattknoe under FinanceFrom http://blog.receivablesxchange.com 5230 days ago
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