US Bank Regulators Ease Post-Crisis Curbs on Leveraged Loans (1)

US banking agencies are easing Obama-era rules that spurred complaints from bankers they were being sidelined by too much regulation amid rapid growth in the private credit industry.

The 2013 guidance was “overly restrictive” and “overly broad,” the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. said in a statement on Friday. The old guidance resulted in a significant drop in market share for regulated banks in leveraged lending and pushed much of that business to nonbanks, the regulators said.

“The agencies expect banks to manage leveraged lending exposures consistent with general principles for safe ...