Bloomberg News

Cable Says Banks ‘Throttling’ Recovery by Holding Back Credit

July 08, 2012

U.K. Business Secretary Vince Cable said an “obsession” with short-term profits at banks was “throtting” the economic recovery as banks withheld credit from companies. He was speaking in an interview on BBC television today.

To contact the reporter on this story: Andrew Atkinson in London at a.atkinson@bloomberg.net

To contact the editor responsible for this story: Andrew Atkinson at a.atkinson@bloomberg.net


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