Banks reduced cross border lending in fourth quarter

Note: This section contains information in English only.
Source: Bloomberg
International banks cut their cross border lending to each other, governments and companies at the fastest pace since the crash of Lehman in 2008. The cross border assets contracted by 2.5% or USD 799 billion in the last three months of 2011, record-keeper said on Monday. The fall in lending was most widespread across Eurozone banks.

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