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In 2012 the volume of loans lent between them was £10.2m, according to the CMA.
"What made last year different was the sheer volume of loans".
It paints a picture of a lending machine that was more concerned with volume of loans than quality.
But the banks argue that would take too much effort, given the volume of loans likely to be restructured.
Associates bases pay on the volume of loans that employees generate, a "count your transactions" approach, Ms. Magner said.
In Asia, demand for credit grew, nudging the volume of loans up 10 percent for the quarter.
Similar(26)
In the field of domestic policy, I put in the forefront, for the reasons given above, a large volume of loan-expenditures under government auspices.
Discover has doubled its volume of loan offers from last year to this, and Citibank has sent out seven times as many retail-banking offers.
Some lenders will tap on the brakes by raising their rates when they can no longer handle the immense volume of loan applications.
As the huge volume of loan losses recedes and the economy improves, Mr. Moynihan said his company had the power to earn $35 billion to $40 billion a year.
But by the mid-1990's, with professional investors hungry for higher-yielding investments, major Wall Street investment banks stepped up the volume of loan-backed bonds sold to pension funds and other institutions.
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