bank lending

Wells Fargo & Co. (NYSE: WFC) restricted its contribution to $10 billion in the Federal government small business rescue program due to regulatory constraints. What Happened Wells Fargo launched its application portal on Saturday and commented that it has possibly reached its $10 billion...

Bank Loans Cut 7.5% In 2009 – "702 Banks Could Fail," Bair Says Yesterday, FDIC head Sheila Bair spoke on the state of the banking industry. The Washington Post reported today, in an article covering the Bair speech, that banks cut lending 7.5%, in 2009. That was the largest annual decline since...