Viewed & Heard: Central Bank raises security over growing indebtedness of Irish organizations
Regulators have raised the alarm concerning the hazard that dangerous loans to businesses that are heavily-indebted to Irish banking institutions, the Sunday days reported.
The paper stated that the Central Bank has warned that Irish lenders’ €10 billion worth of “leveraged loans” may lead to severe losings into the next downturn.
Leveraged loans enable currently highly-indebted companies, backed primarily by US personal equity funds, to borrow a lot more cash. (mer…)