Summary
Regulators are pressuring banks to be more careful in their lending policies in order to strengthen their own finances, while the administration in Washington in pressing for easier lending standards to boost the economy. All this information can be accessed by calling a special telephone hotline number (800-446-7467), or visiting the department's website. Silkensen supports this view when he notes that, "there's a growing recognition that community banks are strong, which has led to a big inflow of deposits into these institutions.\n" Getting A Loan In Tough Times There are all sorts of markers indicating how difficult the economy is for businesses generally and for smaller enterprises in particular.
See the full content of this document
Extract
Battle of the Banks
These are trying times for the banking industry. The nation's largest lenders have been obliged to undergo stress tests to assuage fears about their solvency. Regulators are pressuring banks to be more careful in their lending policies in order to strengthen their own finances, while the administration in Washington in pressing for easier lending standards to boost the economy. All this combines with an image problem: the public's perception of banks and bankers is more negative toda...
See the full content of this document
Sponsored links
