Wednesday, February 22

Banking/Finance/Accounting

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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.

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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.

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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.

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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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