Posted by & filed under Economic Analysis, Governments & Regulators, Growth & Valuation, Industry Analysis, Management Issues.

Description:   Last September in Cleveland, 13 of the nation’s largest banks stood beside Vice President Joseph R. Biden Jr. and Karen Mills, chief of the Small Business Administration, and announced a commitment to increase small-business lending by $20 billion over the following three years.

Source: NYTimes.com

Date:  Sep 06, 2012

Link:  http://boss.blogs.nytimes.com/2012/09/06/are-the-big-banks-keeping-their-commitment-to-small-businesses/?ref=smallbusiness

Questions for Discussions: 

  • What is the answer to the question posed in the title of this article?
  • Explain the reasons for this situation and what the implications are for small businesses.

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