Financial News

Businesses looking for financing to grow and hire more employees won't likely find it in a bank -- at least, not for a long time. The New York Times reports that banks approve fewer loans while charging higher rates.

And the articles on finding savings in the medical field keep rolling in. The latest from The Wall Street Journal discusses hospitals recycling medical devices. Medical devices previously identified as single-use tools now go through the rounds to help another patient.

inRich.com gives examples of small businesses that struggle to get a loan. One business took over a year to receive a loan and another found a bank turning down a loan despite good personal credit and money on deposit with the bank.

The real estate market continues its depressing plunge. Banks face a "systemic margin call" of $325 billion from losses in the U.S. Mortgage market according to recent JP Morgan Chase & Co. report.