Banks putting economic recovery at risk, Bank of England warns

Discussion in 'Wall St. News' started by ASusilovic, Dec 13, 2010.

  1. Since the credit crisis began, high street banks have lent less to customers, blaming a fall in demand for new loans, mortgages and other types of credit.

    However, in a research paper today, the Bank rejects that argument and says that demand for new loans has not shrunk by as much as lending has been reduced.

    Instead, by restricting access to credit, banks are threatening to “dampen the recovery”, the study says.
  2. Where else have you heard about that occurring? :confused: :D