Thursday 27 December 2012

Lending by U.K. banks to companies fell sharply in November

LONDON—Lending by U.K.banks to companies fell sharply in November, underscoring the fragility ofthe British economy and raising doubts about the prospects of the Bank of England and U.K. Treasury'sflagship program to boost the credit supply.
Figures from the British Bankers' Association Thursday showed lending to companies outside the financial sector fell by £3.1 billion ($5.0 billion) in November, the steepest drop since...