Banking

With Lending Slow, Banks' Cash Piles Up

By and on August 23, 2012

Banking

With Lending Slow, Banks' Cash Piles Up

The gap between U.S. bank deposits and loans is growing at the fastest pace in two years. While overall lending is at pre-recession levels, many banks are using the surplus cash to buy Treasury bonds and government agency debt.

Eddings is a reporter for Bloomberg News. Kruger is a reporter for Bloomberg News in New York.
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