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Resource ID: #20599
Subject: Banking
Source: Business Journal (Los Angeles, Calif.)
Date: 2022-06-25


In the midst of an economic downturn, loan defaulters in L.A are giving bank managers the nightmares. With their non-performing loan ratios being pushed to their highest level in five years, banks are taking some stringent measures. Like tightening loan standards and pursuing new lines of businesses. The article also talks about the increase in the levels of consumer debts against a contrasting dip in business loads and various aspects of the chill that's engulfing the lending business.

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