US CREDIT-banks face further pressure as companies draw credit

Newswire

By Karen Brettell NEW YORK, Sept 30 (Reuters) - U.S. banks, already strained for cash, may face even greater balance sheet constraints if volatile markets prompt more companies to tap their credit lines to hoard cash for future needs. Duke Energy Corp on Tuesday became the latest in a string of firms withdrawing funds from its bank credit facility. The energy company said the move was a "proactive financial decision" to improve its financial flexibility due to uncertain market ...

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