Syndicated loans

• Commercial lending

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

  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.

  December 21

  
• How loan trading can help credit unions in challenging times

  Institutions need to think about revenue streams and portfolio diversification as the coronavirus affects much of the U.S. economy.

  May 8

  

  David Hoffer

  Senior associate for the loan trading desk

  Alliant Credit Union
• M&A

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

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

  By Jim Dobbs

  January 22

  
• Commercial lending

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

  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.

  September 20

  
• Leveraged loans

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

  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.

  By Andy Peters

  February 20

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

  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.

  February 8

  

  Francisco Covas

  Senior Vice President and Head of Research

  Bank Policy Institute
• Leveraged loans

  Quality of shared credits improves but leveraged-lending risks remain

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

  By John Heltman

  January 25

  
• Syndicated loans

  Lenders' support sought for Steinhoff restructuring plan

  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.

  July 11

  
• SOFR

  Uneasy transition: Banks prepare for Libor’s demise

  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.

  By Kristin Broughton

  May 28

  
• Syndicated loans

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

  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.

  March 20

  

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