Suzanne Miller looks at why banks are signalling the end of cheap loan trade-offs by turning the screws on potential credit risks.
In late April, David Coulter, global head of investment banking at JP Morgan Chase, stood before a large gathering of institutional investors and rattled off a shortlist of trouble spots that the bank is tackling, including the languishing cash equities business. That was no surprise. But the fact that Mr Coulter included loan pricing in his target list should have turned some heads.
