Global bank lending fell the most in more than 30 years in Q2 2008; German banks have loans of $240 billion to Irish-based banks
Oct 24th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global bank lending shrank by 3% between April and June, the sharpest decline in more than 30 years, revealing the impact of the credit squeeze between lenders before the financial turmoil of recent weeks.