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Business-Loan Drought Ends for Banks

July 08,2018 19:19

Business borrowing is picking up, a welcome relief for banks and a sign of strength for the U.S. economy. Preliminary second-quarter data from the Federal Reserve indicate the year-over-year growth rate of business loans rose to 5.5% in late June from ...


Business borrowing is picking up, a welcome relief for banks and a sign of strength for the U.S. economy.
Preliminary second-quarter data from the Federal Reserve indicate the year-over-year growth rate of business loans rose to 5.5% in late June from less than 1% near the end of 2017. The upturn marks the reversal of a prolonged slump in business-loan growth that began in earnest about two years ago.
The...

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