Canadian banks improved their lending practices in the early 1990s after a series of bad corporate loans left them reeling. But last year banks saw the return of corporate loan losses and we saw our bank stocks tumble. Now they're tinkering with lending practices again and asking us not to worry - after all, it's just temporary.
LOSSES DEVELOP Corporate loan defaults send bank profits plummeting in the early '90s. In 1992, Royal Bank alone has loan-loss provisions totaling $2.35 billion - including $800 million owed by developer Olympia & York. Banks are criticized for lending to businesses without sufficient collateral.
BEAUTIFUL LOANERS Banks vow to "deal …
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