The European Central Bank reported a “sharp tightening” of lending standards for businesses, due to the changing economic outlook, according to the Financial Times.

An ECB survey last week found the net percentage of banks reporting tighter credit conditions on loans to businesses rose to 41%, up from 31% in October.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.