U.S. Bank Lending Slumps by the Most on Record

The pullback in total lending in the last half of March was broad and impacted real estate, commercial, and industrial loans.

By Alex Tanzi | April 10, 2023 at 08:40 AM

Photo: A bird flies over the Lower Manhattan skyline on July 5, 2019. Photographer: Michael Nagle/Bloomberg

U.S. bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.

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