Good News Fans are still contributing!

Raised: $4,979 from $3,500 Goal

Your membership helps pay for a new Website
- Due in April!

Banks Start to Make More Loans

Business - General

Citi and Wells Fargo banksGuess what's been happening in the financial industry over the last few months? The banks have quietly turned on the lending spigot.

After several quarters of having their loan balances plunge or flatten out, several of the nation’s biggest banks are reporting increases.

Wells Fargo executives said new loan commitments to small businesses were up 8 percent, while lending to bigger companies has been growing for 14 months in a row.

(READ the full story from the NY Times)

ACTION: The next time you hear someone say banks aren't lending, please correct them and refer them to this NY Times article.

Please register and/or log-in to post comment.

RSS Feed

Add GNN to your favorite
newsfeed reader!

(includes myYahoo and Google)

Subscribe to GNN newsfeed!



I want to tell you that your Good News Network has helped me through bad times in my life when I struggled through anxiety and depression and sometimes doubts of faith.  I check your website everyday and it gives me hope, comfort, and reassurance more than words can say. 
- Cambry

- via email
View all