By DEBORAH BALL, PATRICIA KOWSMANN, and DANA CIMILLUCA Companies in Southern Europe are going hat in hand around the world in search of funding as local bank lending dwindles, with many of them raising money by tapping assets in healthier regions such as Latin America and the U.S. Many European companies rely more than their U.S. counterparts on bank loans, usually from institutions in their home countries. Lately, they are finding local banks want to lend less and charge more. Bank lending to companies in the euro zone so far this year is down 43% from a year ago, and has fallen 68% in five years, according to data provider Dealogic. The increased search for alternative sources of funding...
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