YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Big banks report lending slumps

Posted online

Some of America's largest banks reported decreases in first quarter loan balances.

Bank of America's lending was down 14%, followed by Citigroup, down 10%, Wells Fargo, down 9%, and JPMorgan Chase, down 4%.

Bank officials cited tepid demand for credit.

Read more from Bloomberg.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Visionhealth Eye Center

Visionhealth Eye Center in Republic moved; Gettin’ Basted expanded north to Springfield; and the second Springfield facility for Blue Iguana Car Wash opened.

Most Read
SBJ.net Poll
Where would you feel most comfortable staying during the pandemic if you travel?

*

View results