Fed Says More Banks Tightened Loan Standards to Start 2024
- Lenders tightened standards on C&I loans while demand weakened
- Banks also got stricter for commercial real estate, consumers
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More US banks reported stricter credit standards in the first quarter, according to the Federal Reserve.
The net share of US banks that tightened standards on commercial and industrial loans for mid-sized and large businesses rose to 15.6% in the first three months of the year, from 14.5% in the fourth quarter, data from a Fed survey of lending officers released Monday showed.