State-backed lenders Royal Bank of Scotland and Lloyds Banking Group, the two largest European commercial property lenders, cut loans by a combined £14.5bn, stated Bloomberg. HSBC and Barclays reported a drop of £2.7bn pounds. The four banks lent £199bn between them, according to financial statements published this month.
via telegraph.co.uk
Indicating that they are possibly moving money out of property, predicted in the us quite a while back, and into investments that are perceived as less risky right now with more positive returns, and then they will gradually begin to move money back into the property field as the economy begins an upswing of growth again, not expected for a while.
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