“U.S. banks increased lending for the first time in three years during the second quarter of 2011, a modest 1% increase from the previous quarter, the Federal Deposit Insurance Corp. said Tuesday.

But for the second quarter in a row, banks’ total revenue dropped in the quarter ending in June, a development FDIC officials attributed to the struggle banks face in finding credit-worthy customers who want to borrow. Bank revenues have fallen in only three quarters in nearly 30 years.”

Read the full article at the The Wall Street Journal