By Pascal Pinck, Reuters
Federal Reserve Board Governor Susan Bies issued a warning on Wednesday on risky real-estate lending practices, saying banks could be hurt by higher interest rates or a decline in home prices.
“Banking supervisors have become concerned recently about apparent increased risk-taking in both commercial and real estate lending,” Bies told the National Bankers Association annual convention in Beverly Hills, California.
For this complete story, please visit Fed’s Bies Warns on Risky Bank Lending Practices.
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