The bank executives pointed to risks outside the walls of their firms.
div > div.group > p:first-child"> The leaders of the biggest U.S. banks have a message for Congress: Take a closer look at the ballooning markets for student and corporate loans.
"Leveraged lending and student lending, which is growing rapidly and deteriorating very rapidly," J.P. Morgan Chase CEO Jamie Dimon responded. But when pressed, the executives pointed to risks outside the walls of their firms: Banks retreated from originating student loans after the crisis, and the riskiest leveraged loans are happening in the so-called shadow banking system, they said.
Still, both markets have been shaped by the low interest rates and other policies that central banks implemented after the financial crisis.
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