Wall Street Said to Seek Clarity on U.S. Loan Guidelines
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Wall Street banks are seeking additional details from U.S. regulators on their leveraged-lending guidelines, which are intended to improve underwriting standards.
Three industry groups representing lenders from JPMorgan Chase & Co. to Credit Suisse Group AG are preparing a letter to the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. asking the regulators for more clarity on the kinds of loans they deem too risky, according to three people with knowledge of the discussions.