Banks Back to Business Lending
(Wall Street Journal) — Here’s news that should offer little comfort to people struggling to find work: Bank loans to businesses are expanding, but those businesses aren’t using the money to fund expansion. So far this year, banks made $61 billion more commercial and industrial loans–an increase of %6.2%–than in the year-earlier January to August period, Federal Reserve data show. Commercial and industrial loans are business loans excluding real estate. Between January and August last year, such loans fell more than 11% from the year-earlier period.