Syndicated loans

Red flags abound in syndicated lending

02/25/21

Shared national credit balances rose 5% last year, and the percentage of at-risk loans nearly doubled. Regulators point out that banks have stashed away extra capital, but a lot will depend on the speed of the economic recovery and the performance of nonbank loans.

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Citi trial puts banks on notice to make sure they’re not next

12/21/20

Win or lose, Citibank’s battle to recover half a billion dollars from an accidental payment is sure to prompt a review of internal controls in the industry and could have a lasting impact on the more than $1 trillion syndicated loan market.

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Tennessee bank's sale a cautionary tale on out-of-market lending

01/22/20

Franklin Financial agreed to be sold less than a year after issues surfaced in its portfolio of shared national credits.

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Easy credit's latest twist: Loans to companies with no income

09/20/19

By turning to investors outside traditional banking, private-equity firms are finding it easier than ever to get loans to finance their buyouts of corporations that are nowhere close to being profitable.

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Banks healthy enough to absorb leveraged-loan risks: Moody’s

02/20/19

Amid widespread concern about their exposure to leveraged lending, the debt rating agency says banks have sufficient earnings and capital cushions to continue investing in the sector.

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Regulators warn banks on leveraged loans, but data doesn't back them up

02/08/19

A recent joint analysis of large syndicated loans urged banks to improve their risk management, even though evidence suggests that nonbanks, not banks, hold the higher share of risky leveraged loans.

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Quality of shared credits improves but leveraged-lending risks remain

01/25/19

Despite a generally positive picture in the Shared National Credit report, regulators warned that underperforming loans in the the portfolio remain elevated.

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Lenders' support sought for Steinhoff restructuring plan

07/11/18

U.S. financial institutions such as Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs have reported hundreds of millions of dollars of losses stemming from the scandal at retailer Steinhoff International.

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Uneasy transition: Banks prepare for Libor’s demise

05/28/18

The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.

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B of A is said to seek some margin loan sales after Steinhoff loss

03/20/18

Bank of America is offloading some margin loans after losing $292 million on soured credit to the former chairman of Steinhoff International Holdings, according to people with knowledge of the matter.

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