Credit quality improved in 2022 in the Shared National Credit portfolio, although the results do not fully reflect increasing interest rates and softening economic conditions that began to affect borrowers in the second half of last year, federal agencies said this week.
The federal banking agencies found that credit risk improved modestly in 2021 but remains high in the Shared National Credit portfolio—a bundle of large, syndicated bank loans that includes 5,764 borrowers and totals $5.2 trillion—according to the SNC Review report released today.
The federal banking agencies found increased credit risk in the Shared National Credit portfolio—a bundle of large, syndicated bank loans that includes 5,652 borrowers and totals $5.1 trillion—according to the SNC Review released today.
The rapid growth is attributable largely to nonbanks. Should this group of loans start underperforming, the risk to the banking sector is relatively low.
The Alternative Reference Rates Committee today issued its fallback language recommendations for floating rate notes and syndicated business loans that reference the U.S. dollar London Interbank Offer Rate.
The federal banking agencies have found improved credit quality in the Shared National Credit portfolio, a bundle of large syndicated bank loans that includes 8,571 credit facilities and 5,314 borrowers — and totals $4.4 trillion, according to the SNC Review released today. Despite the improvement, however, risk remains elevated compared to prior economic cycles, they
A Federal Reserve official today sounded a warning about “material loosening” of terms, as well as insufficient risk management, in the leveraged loan sector.
Credit risk in large, syndicated loans of more than $20 million remains high for this phase of an economic expansion, according to the interagency Shared National Credits Review released today.
Credit risk in large, syndicated loans of more than $20 million remains high, according to the interagency Shared National Credits Review released yesterday.