"US Shadow Bank Loans Exceed $1 Trillion in Latest Fed Report"

US banks have loaned over $1 trillion to non-bank financial firms, known as shadow banks, according to Federal Reserve data, raising concerns among regulators about potential risks to the financial system. This amount has steadily risen from about $894 billion a year earlier, highlighting the growing influence of non-deposit-taking financial companies such as fintechs and private credit investors.