Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

A Banking Break For Small Businesses


In Business This Week

A BANKING BREAK FOR SMALL BUSINESSES

While President Clinton wrangles with Congress over his economic stimulus plan, the White House is pushing ahead with another effort to jump-start the economy on the cheap. On Mar. 10, the White House unveiled a package of changes in banking regulations it hopes will generate more lending, particularly to small businesses. The changes are designed to ease the regulatory demands--partly in reaction to the thrift crisis--that banks complain have impeded lending. The new rules would reduce the heavy documentation banks need to prove small businesses can repay commercial loans and would give banks more leeway in how they classify troubled loans.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus