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Reuters: 2008 loan issuance falls 55 percent

Started by chris, December 30, 2008, 07:59:54 PM

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chris

2008 loan issuance falls 55 percent
      


NEW YORK (Reuters) - U.S. loan issuance in 2008 tumbled 55 percent to $764 billion, the lowest volume since 1994, as the global credit crunch choked off lending to American businesses, according to data from Reuters Loan Pricing Corp.<div class="feedflare">
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