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Fri 11 Nov 2009Bank credit supply will be limited for some time
SERIOUS MONEY:Banks must contend with rising credit costs, low coverage ratios and impending funding issues, writes CHARLIE FELL
THE BUSINESS of banking has a long and rich history. The first banking operations predate the invention of coinage and emerged in the Fertile Crescent between the twin rivers of the Tigris and the Euphrates more than 5,000 years ago, as agriculture, industry and commerce began to organise.
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