Fed report indicates U.S. banks clamp down on lending

05/6/2008 | ClipSyndicate · Financial Times (free content)

In a signal that the credit crunch in the broader economy has intensified, a Federal Reserve report found that banks in the U.S. tightened lending standards to near-record levels in the first quarter of 2008. Fed Chairman Ben Bernanke is urging lenders and regulators to come to the aid of struggling homeowners by restructuring their mortgages.

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ClipSyndicate · Financial Times (free content)

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