U.S. regulators are scrutinizing Swiss bank Credit Suisse Group over concerns that the bank has failed to heed their warnings to stop making what they believe to be risky loans, The Wall Street Journal reports.
The U.S. Federal Reserve recently sent a letter, known as a Matters Requiring Immediate Attention notification, to Credit Suisse, saying that it discovered problems in the bank’s adherence to guidance announced last year. The guidance warned banks to stay away from deals with too much debt or not enough lender protection in case of a default, a person familiar with the matter told The Wall Street Journal.
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