Banks are beginning to feel the impact of a slowdown in commercial lending, with regional lenders taking the hardest hit but growth slowing across the board. Commercial lending slipped 0.1 percent by in the July-to-September period. That's not much, but it's the first drop in six years. Some specific examples:
- Fifth Third Bancorp said Thursday that its commercial and industrial loans fell 2 percent since the prior quarter.
- Comerica's average loans fell by $331 million at the business bank in the third quarter.
- BB&T said that average balances on its commercial and industrial loans fell by 1.1 percent in the third quarter.
- Regions Financial's business-lending balances fell by $979 million to $50.2 billion, leading a drop of 1 percent in average loans and leases across the bank.