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Tag: financial crisis USA

  • USA: 48% of banks lower lending standards

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    by

    Charles Tan
    in

    This is a very important piece of news. Reported in LA Times, the largest of US banks have lowered their lending standards and the level is approaching the levels of 2008 financial crisis! As per the Office of the Comptroller (OCC), the largest US banks are going after profits and have been loosening their underwriting…