BIS: lagging interbank lending slows markets
BASEL - Global interbank lending continued to draw down the credit markets in the second quarter of this year, according to the Bank for International Settlements' (BIS) quarterly preliminary statistics released on October 22.
Interbank lending shrank by $375 billion in the second quarter, a 2% slide from the first quarter, drawing down overall global lending by 1.1% to $30.4 trillion. The overall global lending drop was, however, at a slower pace than the 2.6% in the first quarter of 2009
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