The U.S. economy is on solid footing except for one potential trouble spot, according to Bank of America CEO Brian Moynihan: leveraged loans.
The U.S. economy is on solid footing except for one potential trouble spot, according to Bank of America Corp. Chief Executive Brian Moynihan: leveraged loans — a business the bank has dominated for a decade.
Bank of America is sitting atop a ranking of leveraged-loan book runners for a 10th year, according to data compiled by Bloomberg. The firm has limited exposure to collateralized loan obligations, Chief Financial Officer Paul Donofrio said in January. The leveraged loan market is relatively small, meaning any shakeout is less likely to affect broader markets, according to Moynihan. The “real debate” belongs with the leveraged finance deals that are done outside of banks, Moynihan said — echoing views of financial watchdogs who have expressed concerns that risk has shifted outside their purview.Bank of America was book runner on some $317 billion of leveraged loans this year, accounting for 10.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of America adds human option to enhance robo investment offeringsBank of America Corp is rolling out a new wealth management product that combine...
Consulte Mais informação »
Bank of America cuts corporate profit forecast on trade war fearsBank of America cut its 2019 profit outlook for the stock market on Monday citing renewed trade tensions and weaker economic outlook.
Consulte Mais informação »
Bank supervision in America is unfit for the digital ageAmerica's regulatory system for digital banks is fiendishly complex
Consulte Mais informação »
The Fed's dangerous 'new normal'Is the Fed becoming the president’s piggy bank of choice?
Consulte Mais informação »
Bank of England's Ramsden sees slower growth than BoE forecastBritain's economy is likely to grow less than the Bank of England forecast ...
Consulte Mais informação »
Drum roll for TLTRO 3: Five questions for the ECB- Thursday's European Central Bank meeting may well see some action to shor...
Consulte Mais informação »
China central bank urges calm after Baoshang takeoverChina's central bank sought to calm investors on Sunday after last month&0...
Consulte Mais informação »
Saudi Arabia's central bank warns global slowdown may hit growthSaudi Arabia's economy is expected to pick up in 2019 but a global economic...
Consulte Mais informação »
JPMorgan's deposit growth slowing as customers seek higher yieldDeposit growth at JPMorgan Chase & Co, the largest U.S. bank by assets, is slowi...
Consulte Mais informação »
NZ central bank says current mortgage curbs appropriate, risks remain elevatedNew Zealand's central bank said on Wednesday that the country's financ...
Consulte Mais informação »