Cross-border lending jumps

Tim Wallace
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BANKS have increased their cross-border lending substantially for the first time since 2011, indicating that confidence is flooding back into markets.

The Bank of International Settlements said yesterday that cross-border loans rose $580bn (£356.6bn) in the first quarter of 2014.

The increase occurred across all markets, and emerging markets recorded a rise of $188bn in the quarter, a 10 per cent increase on the year.