Lending declined in Q1 after about a year of growth, deepening questions about the recovery and confidence of borrowers and bankers, reports the Wall Street Journal. Loan balances dropped over $56B, or 0.8%, in the quarter ended March 31, according to the Federal Deposit Insurance Corp., a reversal from three consecutive quarters in which lending expanded.
Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, …