U.S. banks are awash with money from depositors, reports David Reilly in Wall Street Journal’s Heard on the Street, while demand for loans lags behind. The Federal Deposit Insurance Corp.’s banking profile shows that net loans amounted to 70% of deposits in the first quarter, the lowest figure since 1984. As far as problems go, this isn’t the worst to have. Deposit money is still washing over U.S. banks even as loan growth continues to prove elusive. The result: Net loans equaled just 70% of total deposits in the first quarter, according to the Federal Deposit Insurance Corp.’s quarterly banking…
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Lending Improves The Wall Street Journal reports that Small Business Lending Has Improved. A Braun Research survey performed for Capital One Bank found 85% of owners polled in March said they’re able to access the financing they need, up seven percentage points from the fourth quarter of 2010 and 15 percentage points from a year ago. . . . but Owners Fear Economic Uncertainty Economic Uncertainty, Spending Decline Top Owner Concerns. Respondents say the dearth of credit isn’t their most pressing concern. Sixty-eight percent cited economic uncertainty as the No. 1 challenge facing their business, followed by a decline in…