Lately, banks of all sizes have been pointing fingers at one another, claiming the other guy has been offering irrational prices and cutting corners to compete for business loans.

It’s easy to see why the accusations are flying. Amid sluggish loan growth overall, more banks have been saying they’ve been easing credit standards than tightening them for more than three years. The majority of banks have been saying they’ve been progressively reducing the spreads between interest rates they charge and their funding costs over the same time.

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