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Banks' leveraged loans to indebted companies under FDIC scrutiny amid management shortcomings

By Neil Roland ( January 9, 2020, 18:13 GMT | Insight) -- Banks’ high-interest loans to heavily indebted companies are being scrutinized by US regulators in light of the growing risk they pose to the financial institutions if the economy goes bust, two US Federal Deposit Insurance Corp. officials said. Banks “should be fully aware of the risk and possess the skills to measure, monitor and control it,” Gary Storck and Mark Sheely, risk-management supervision officials, wrote in the FDIC’s latest “Supervisory Insight” quarterly aimed at bankers. Instead, FDIC examiners have found an assortment of bank shortcomings among the $1.2 trillion US market for these potentially risky loans, the article said.Banks' high-interest loans to heavily indebted companies are being scrutinized by US regulators in light of the growing risk they pose to the financial institutions if the economy goes bust, two US Federal Deposit Insurance Corp. officials said....

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