Commercial lending jumps 12%, leading to asset bubble talk

06/11/2013 | Reuters

Banks in the U.S. reported making $1.53 trillion worth of commercial and industrial loans in this year's first quarter, a 12% increase over the figure for the same quarter in 2012. Analyst and bankers say the lending surge looks more like the beginning of an asset bubble than an acceleration in the growth of the nation's economy. Mariner Kemper, chairman of UMB Financial, said there is a deterioration in loan terms and pricing "that's potentially the kind of behavior that drives a crisis."

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