Credit tightening

.... let's take a look

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Nation's 4 biggest banks cut business lending by $100 Billion since April

While the administration and Congress work to increase bank lending, the nation's four biggest banks have collectively cut their loans to businesses by more than $100 billion over the past six months, according to new federal datareleased on Tuesday.

Bank of America, JPMorgan Chase, Citigroup and Wells Fargo cut their commercial and industrial lending by a combined 15 percent from April to October, representing $100 billion, according to the most recent Treasury Department data. Loans to small businesses are down $7 billion, or four percent.

http://www.huffingtonpost.com/2009/12/16/nations-4-biggest-banks-c_n_394264.html

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