The Outlook for Financial Services
Exchanges
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Are Banks Getting More Cautious With Their Underwriting Standards?
Loan losses are at the lowest level that they have been in 30 years. Biggest driver for credit losses is going to be a pick up in unemployment, he says. Banks worry about what could happen to asset prices such as housing and office space. But broadly, I don't think the banks have really changed their appetite to lend that much,.
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