WASHINGTON — Banks are in danger of "taking excessive risk" in order to boost profits damaged by a slow economy, market volatility and new regulations, according to a report issued Thursday by the Office of the Comptroller of the Currency.

In the agency's second semiannual risk report, the agency detailed the threats facing banks, including dangerous new products, looser underwriting standards — and fears of the fiscal cliff, a set of tax hikes and budget cuts many fear will hurt the financial system.

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