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.
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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.