Companies Are ‘On Pause Right Now’: Heard on the Street
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Wells Fargo and JPMorgan Chase last week both said they didn’t see indicators that companies were scrambling to do big draw-downs on credit lines to raise cash. On Monday, Buffalo-based M&T Bank reported the utilization rate among its commercial customers was actually down in the first quarter. “Really nothing hit our screens that showed any big draws,” said M&T finance chief Daryl Bible.
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