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Credit Suisse loans under US Fed scrutiny - WSJ

17/09 07:10 CET

Credit Suisse loans under US Fed scrutiny - WSJ

(Reuters) - The U.S. Federal Reserve has asked Credit Suisse Group AG to immediately address problems relating to the bank's underwriting and sale of leveraged loans, or high-interest-rate loans used by private-equity firms to finance deals, the Wall Street Journal reported, citing a source familiar with the matter. Officials at the Federal Reserve and the Office of the Comptroller of the Currency are using private…

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