Global Q3 Lending Stable, Euro Area Banks Retreating-BIS
International bank lending rose marginally in the third quarter of 2012 but the trend toward shrinking interbank business and the global retrenchment of euro area banks continued while credit to non-bank borrowers continued to grow, the Bank for International Settlements (BIS) said. Cross-border loans by euro area banks have been declining since 2008 [...]
International bank lending rose marginally in the third quarter of 2012 but the trend toward shrinking interbank business and the global retrenchment of euro area banks continued while credit to non-bank borrowers continued to grow, the Bank for International Settlements (BIS) said.
Cross-border loans by euro area banks have been declining since 2008 with their share of total foreign claims on the U.S. non-bank private sector dropping to 26 percent at the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards