Rochester, NY 8/22/2009 6:17:52 AM
Fifth Third Bancorp, FITB, Fifth Third Ups Lending Despite Banks Decrease in Loan Demand
Fifth Third Bancorp
By second quarter, banks across the nation made fewer business loans in the, largely because of weaker loan demand and deteriorating creditworthiness, according to a quarterly Federal Reserve survey of senior loan officers.
Fifth Third Bancorp, however, said June was its highest lending month so far this year, with $9 billion in loans for the month. A smaller percentage of banks tightened loan standards in the May-through-July period, compared with the last survey, released in April.
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