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Thursday, July 17, 2014

Big Banks Lending to Businesses Rose in Second Quarter

Large U.S. banks reported strong growth in business loans in the second quarter, suggesting companies are spending again and bolstering economic growth.

“The economy is obviously strengthening,” said Gerard Cassidy, a banking analyst with RBC Capital Markets. Robust lending to the commercial and industrial sectors coupled with increasing use of revolving credit lines are positive indicators, he added.

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