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Interbank lending rates in the United States continues to decline in Thursday with the longer three-month Libor kicking off 10 bps to a 2.00% level narrowing some key measures of credit health. The Libor/OIS spread narrowed 9 bps to 175 bps and the Ted-spread narrowed 10 bps to 199 bps. Meanwhile, the...
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Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...