Big banks cut small-business lending by $1 billion

01/19/2010 | CNNMoney

The nation's 22 biggest banks cut small-business lending by another $1 billion in November, according to a U.S. Treasury Department report. Those banks, which were the biggest recipients of federal rescue money, have cut small-business lending by $12.5 billion since April. The report comes as big banks begin to field criticism about year-end bonuses they are paying to executives.

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