The economy is in free fall and businesses are desperate for cash. The good news is that, for the past few weeks, they have been getting at least some of what they need from the banks. Households have been less fortunate.
The amount of commercial and industrial loans outstanding jumped by $365 billion between March 11 and March 25, according to new data published by the Federal Reserve. That represents a 15.4% increase in the span of two weeks, which is by far the fastest growth rate in C&I lending since the data begin…
Matthew C. Klein | Barron’s