Banking/Finance/Accounting
The economy may be on the mend, but nervous federal regulators appear to be putting the brakes on bank creation, according to some experts, who said such a move could create less competition for commercial borrowers.
Even though they may be in recovery mode, businesses searching for financing likely are running into brick walls as the economy remains uncertain, but a push by PNC Bank may offer potential borrowers a greater chance to secure funding.
The New Jersey Economic Development Authority will increase its investment in new high-tech and clean-energy ventures — but sparring between legislators and Chris Christie administration officials has threatened funding for the program.
A big player in the low- and moderate-income housing financing market has suffered two years of losses, but has no plans to exit the field.
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