Loans Expert

The value of troubled large loans held by U.S. banks more than tripled in 2008, while the volume of syndicated credit commitments worth $20 million jumped at the fastest rate in a decade, bank regulators said on Wednesday.

Adversely rated credits or loans that are likely to result in some loss for the lender without corrective action, spiked to $373.4 billion from $114.1 billion in 2007.

The data shows a “significant deterioration in credit quality,” said the annual credit report published by the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp and the Office of Thrift Supervision.

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