Bank Lending Hits $1 Trillion-But CEO Sees Roadblock Ahead
July 28, 2011 at 17:35 PM EDT
Banks recently hit the $1 trillion mark for lending this year-the same amount they lent in the entire previous year. Although reaching this mark so soon is a good sign for the housing sector, the creditworthiness of many Americans has suffered since the housing downturn, a banking executive said.