Most Bailed Out Banks Reduced Lending Since Getting Funds

05/20/2009 05:12 am ET | Updated May 25, 2011
  • DAVID ENRICH, MICHAEL R. CRITTENDEN and MAURICE TAMMAN Wall Street Journal

Lending at the biggest U.S. banks has fallen more sharply than realized, despite government efforts to pump billions of dollars into the financial sector.

According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.

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