Wall Street

Analysis-U.S., European banks could lose over $5 billion from risky buyout loans

Published by
Reuters

By Saeed Azhar, Anirban Sen and Davide Barbuscia NEW YORK (Reuters) – Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher for banks to offload debt to investors and other lenders. The pain has also spread across the Atlantic, after European lenders such as Deutsche Bank and Credit Suisse reported losses for such exposure. Large U.S. and European banks are on track to lose …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street