unsecured lending

M5. Unsecured Lending

August 2008 will stick in the memories of many people for a long time. Lehman Brothers, one of America’s major banks, crashed and triggered an international financial recession of proportions not seen since the Great Depression of 1929. Its effects remain with us five years later and there are still no real signs of recovery in sight. Locally business confidence, quarterly growth and other economic...

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