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Big bank lending slows while regionals pick up slack
Posted on June 26, 2012 at 14:31 PM EDT
A new analysis of bank lending by Bloomberg News has found that the country’s largest banks have been cutting back their lending activity, giving regional banks an opening they’re willing to fill. Bloomberg found that total loans fell 4.9 percent in the first quarter to just over $3 trillion at the four largest U.S. banks – JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C) and Wells Fargo & Co. (NYSE:WFC) – compared with the same period in 2010. JPMorgan…
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