U.S. banks tightened standards on commercial real estate loans and on credit card borrowing during the first quarter, according to a survey of bank officers published on Monday.
The U.S. Federal Reserve`s quarterly survey of senior loan officers also showed banks were taking steps to curb potential losses from loans to firms that are exposed to the risks of economic trouble in Asia and Europe, the Fed said.
Europe and China are major U.S. trading partners and the economies of both have recently appeared to soften.
TRENDING NOW

Sikkim floods: 10 dead, 22 army men among 82 missing as flash flood wreaks havoc; PM Modi calls CM Prem Singh Tamang

ENG vs NZ FREE Live Streaming: When and How to watch England vs New Zealand Cricket World Cup 2023 Match live on Web, TV, mobile apps online

Renewable technologies can improve energy security by diversifying power supply options: Wind turbine body

India vs Australia World Cup 2023: Check How to book IND vs AUS tickets online, ticket price, match date, time, squad details

Weather Update: IMD predicts extremely heavy rainfall over West Bengal, Sikkim, Assam, Meghalaya in next two days

Defence Minister Rajnath Singh announces fresh 'positive indigenisation list' to boost domestic defence manufacturing, launches debit card for offline transaction by naval personnel

Jet Airways Insolvency: Creditors question source of Rs 200 crore deposited by Jalan-Kalrock Consortium
"A moderate net fraction of banks reported that they expect the quality of loans to exposed firms to deteriorate," the Fed said.
The report appeared to show some rising concerns over the economic outlook despite the many signs of a strong U.S. labour market and healthy economic growth.
"A significant net share of banks reported weaker demand for construction and land development loans," according to the report.
Still, banks kept standards for auto loans and for commercial and industrial lending "basically unchanged" during the period although terms eased for some commercial and industrial loans, according to the Fed survey.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Google Pixel 8, Pixel 8 Pro Price in India: AI-powered smartphones launched with new camera tools, 7 years of key updates

Govt changes insolvency rules to exclude leased aircraft, makes it easier for lessors to recover planes in case of bankruptcy Cape Town Treaty convention

Bajaj Finance clocks 52-week high as firm reports 33% growth in AUM in Q2; Morgan Stanley raises TP by Rs 800

Gold and Silver price today (October 4, 2023): Precious metals trade in red amid rising US treasury yields

Share Market Today LIVE: Sensex falls nearly 450 pts, Nifty near 19,400; Maruti Suzuki, NTPC among top blue-chip losers, down 2%

ICC World Cup 2023: Disney+ Hotstar introduces MaxView feature to stream matches in vertical mode - Details
11:45 pm