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Bernanke Sees `Reasons for Optimism’ on Bank Lending (Bloomberg)

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The latest quarterly survey of banks’ senior loan officers, released May 3, showed that most banks reported unchanged lending standards over the past three months and “no net tightening” of standards for small business loans.

Fed Chairman Ben Bernanke, speaking this morning at an event in Chicago, said “Although bank credit remains tight, I see some reasons for optimism. The economy is recovering, and banks’ senior loan officers expect a “modest reduction in their troubled loans” over the next year, outside of commercial real estate.”

Click here to read the full article from Bloomberg – Bernanke See Reasons for Optimism on bank lending