BIS figures show cross-border lending on the mend outside the eurozone

Cross border tax evasion

New figures published by the Bank for International Settlements (BIS) show the contraction in global cross-border bank lending is slowing down – but remains in negative territory thanks to a continued drop in euro-denominated cross-border claims.

The aggregate drop in total cross-border lending in the fourth quarter of 2013 was $122 billion, or 0.4% of the total size. The drop, however, was significantly smaller than recent trends: in the previous two quarters, the fall averaged $520 billion.

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