Mid-size cities do better in crunch, have seen lending increase
(NEWSER) - While big cities and rural areas have taken a beating as the financial crisis unfolds, many mid-size cities have seen consumer lending increase, indicating an economic resilience that other areas lack, the Wall Street Journal reports. In cities with populations around 400,000—like Huntsville, Ala.; McAllen, Texas; and Provo, Utah—banks are lending as usual, pushing consumer loan balances up 10% or more from last year. More»
