Federal Reserve report shows a larger share of banks have tightened terms on residential mortgages compared with the previous survey. About 65 percent of banks say they lowered credit-card lines for new or existing customers. The report’s information shows the stabilization of the country’s economy is not loosening lending terms. Ten of the 19 largest banks are expected to be asked to raise more capital because of the results of stress tests on May 7. The Federal Reserve will release results of the stress test on the 19 biggest banks.”]
Source: https://www.cuinfosecurity.com/fed-survey-shows-banks-expect-bad-loans-to-increase-a-1440