As most countries agonize over how to keep their barely reviving economies growing, China is already looking to slam on the brakes.
China’s central bank moved late Friday to reduce lending to companies and individuals by requiring large commercial banks to increase the amount of cash they park with the central bank. The move, which came [...]
Posts Tagged ‘lending’
China’s Central Bank Hits Brake on Hot Economy
February 13th, 2010 by Financial Writer
Tags: central bank, China, economies growing, Federal Reserve, hot economy, inflation, lending
more...US economic rescue failing to meet key goals:auditor
January 31st, 2010 by Financial Writer
The 700-billion-dollar US government effort to rescue the financial system has failed to meet key goals such as sparking lending and curbing risky activities by banks, a special auditor said Sunday.
The special inspector general for the Troubled Asset Relief Program said in a report to Congress that it is too soon to measure the overall [...]
Tags: auditor, banks, financial crisis, financial system, lending, us businesses, us economic, us government
U.S. still seen in recession, may last until 2010
October 7th, 2009 by Financial Writer
U.S. finance executives believe the American economy is still in recession, despite signs growth may have resumed in the third quarter, a survey showed on Tuesday.
The survey conducted by the Association for Financial Professionals also showed that many executives in the financial sector did not expect their organizations to resume hiring or capital spending in [...]
Tags: bank, economic, economy, finance, lending, recession
The last bank left standing for small businesses
September 28th, 2009 by Financial Writer
As other major players fell away, Wells Fargo has remained a stalwart, increasing its lending this year through SBA programs.
The landscape of lenders willing to work with small business owners has changed dramatically in the last year, but one bank — Wells Fargo — has emerged stronger than ever.
While other financiers that were historically major [...]
Tags: bank, business, businesses, financiers, lending
G-20 summit: 6 countries in recovery
September 24th, 2009 by Financial Writer
The U.S. economy appears to be stabilizing after declining for four straight quarters, but the recovery has been tepid so far.
Financial markets have shown signs of improvement, and interbank lending has largely returned to normal. Consumer spending is still shrinking due to ongoing job losses and difficult credit conditions, but it has been stabilizing over [...]
Tags: businesses, economic, economists, financial markets, lending
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