The company, which recently shareda three-year plan to bring in more lower-cost deposits and commercial loans, seems ready to play offense a year after the abrupt ouster of its CEO.
Banking regulatory agencies Thursday announced that they would raise the aggregate loan commitment threshold for syndicated loans to be included in the Shared National Credit program from $20 million to $100 million.
A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.
In their biannual Shared National Credits Program report, regulators said that banks' exposure to leveraged loans and the oil and gas sector remained a source of concern.
Coordinators of a financial-industry backed blockchain project say they have successfully demonstrated that the distributed ledger technology can be used to syndication, trade and make payments on leveraged loans.
