Borrowers wanted: Banks have cash but few clients

Borrowers wanted: Banks have cash but few clients - http://www.iht.com Avatar Posted by suzyQ under Raising Capital
From http://www.iht.com 4030 days ago
Made Hot by: on December 1, 2008 5:44 pm
Billions of federal bailout dollars are flooding the financial system, credit markets are loosening and many banks say they are ready to lend. But a crucial piece needed to solve the credit crisis is still missing: borrowers.

With the economy slowing, banks are seeing a big decline in the number of people seeking loans because nervous consumers and small businesses are scaling back their borrowing.

The slide in loan demand has been a hallmark of past downturns, and it could thwart the government's attempt to increase lending with an injection of $250 billion in emergency cash. This is one problem that has nothing to do with whether a bank is healthy.





Comments


Written by macromax
4023 days ago

I found this to be surprising. Not what I'm reading elsewhere.



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!