Alarm Bells Ring As OCC Reports Leveraged Loans Hit Record
The good news is that consumer credit has had two consecutive quarters of sequential growth for the first time since the Great Recession, with retail credit reaching $12.96 trillion at the end of last year ($100 billion higher than 2012, and $1 trillion lower than the June 2008 peak). The bad news is that the growth has been driven by student loan debt, risky auto loans, and leveraged loans, says a recent report from the Office of the Comptroller of the Currency (OCC), a part of . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible