U.K.’s Biggest Banks Cut Lending by $595 Billion, KPMG Says
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Britain’s largest banks including Barclays Plc and Royal Bank of Scotland Group Plc have cut lending to consumers and businesses by 364.7 billion pounds ($595 billion) in the past five years, KPMG LLP said.
Total lending at HSBC Holdings Plc, Lloyds Banking Group Plc, Standard Chartered Plc and the two banks fell 14 percent to