Obama tells US banks to increase lending to SMEs

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Obama tells US banks to increase lending to SMEs

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12-15-2009, 10:14 AM

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Obama tells US banks to increase lending to SMEs

After the $700 billion (£430 billion) bailout of the banking industry, US President Barack Obama has now asked banks to do their part and increase lending to small and medium-size businesses. A meeting yesterday with executives from Goldman Sachs, JP Morgan Chase and Citigroup, among others, came a day after Mr Obama said he had [...]

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