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Fed’s Senior Loan Officer Opinion Survey Released

U.S. banks tightened lending standards for businesses at a
record pace in the third quarter, according to the Federal
Reserve’s July Senior Loan Officer Opinion Survey on Bank Lending
Practices.
In the three months ending in October, a record 85% of banks tightened
lending standards to businesses, up from 60% in July.
The survey showed 84.6% of firms with annual sales [...]