Exact(1)
But if European banks were to withdraw lending from the region, that would be highly disruptive, as it would take some adjustment time before lending shortfalls are bridged," said Mr. Neumann of HSBC, adding that growth in Asia had also become more dependent on credit in recent years.
Similar(59)
Thousands of new houses were left empty as mortgages dried up and banks withdrew lending.
Banks have cut overdraft facilities and unused credit lines, withdrawn from lending syndicates and abruptly called in loans.
The political battle in Washington over when and how fast to withdraw troops has lent momentum to the debate in Britain, where opinion polls have shown a strong majority of Britons favoring an early troop withdrawal.
He warned that British businesses were "going bust" because banks were withdrawing their lending facilities.
The bank has since largely withdrawn from lending to large companies, diminishing the influence of its ethical policy.
HSBC said it would withdraw the loan at the close of business on 16 August because it had lent all the funds allocated to the deal.
In his prepared testimony, Mr. Cayne, Bear's former chief executive, says that the firm collapsed because Bear's clients withdrew assets and its lending partners canceled those loans, which were known as repurchase agreements.
The Crown Agents withdrew their agreement for lending new stamps for display in the King's Library.
Hong Kong's Monetary Authority can inject or withdraw money from the interbank lending market to push up or lower interest rates.
The trouble is that central banks across Europe are already planning to withdraw quantitative easing – even before lending to businesses and households has properly resumed.
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