U.S. bank lending fell marginally during the week after the failure of First Republic Bank, data from the Federal Reserve on Friday revealed. The bank, which was acquired by JPMorgan Chase & Co, was the United States' second-largest single bank failure.
Commercial bank lending declined...
The U.S. banks saw a historic drop in lending in the final weeks of March, one not seen in the last 50 years. The slump was likely influenced by the recent banking crisis and fears over the troubling economy.
According to Federal Reserve data, lending...
