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Thu, May 02, 2002 - Page 21 News List

Lending tight at US institutions

CONSTRICTED CAPITAL As the US economy slowed last year, banks became more cautious about giving out loans

BLOOMBERG , NEW YORK

Banks also have become more cautious because of a rise in corporate bankruptcies and increased bad loans. A case in point is Dynegy's new credit line, which Chief Executive Officer Chuck Watson said gives the company US$1.4 billion in available cash and credit.

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