May
16
Shadow Banks Make Diciest Loans While Wall Street Retains Risk
ByWall Street has cut its lending to the riskiest companies, shifting its financing to nonbanks that make the loans instead, according to a team of analysts at the Federal Reserve Bank of New York.
“Since those policies reach beyond individual banks and target risk in the entire banking system, they are more likely to trigger significant responses that may have unintended consequences,” said the report by Sooji Kim, Matthew Plosser and João Santos…
Shadow Banks Make Diciest Loans While Wall Street Retains Risk
