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Global bank lending declines to 30-year low

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International bank lending shrank by 3 per cent between April and June, the sharpest decline in over 30 years, revealing the depth of the credit squeeze between lenders before the recent series of government-led bailouts. Figures released today by the Bank for International Settlements (BIS), the...

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Tags: banks lending, trillion dollars, iceland banks, central banks, Bank for International Settlements

More News From: Basel : Switzerland

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Global bank lending declines to 30-year low

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