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were syndicating

  • past progressive
    of syndicate.
    syndicate
    noun
    a group of individuals or organizations combined or making a joint effort to undertake some specific duty or carry out specific transactions or negotiations.

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Those concentration limits emerged as an obstacle when a group of banks were syndicating some of the loans in late 2025 and early 2026, the people said.

From The Wall Street Journal ● Apr. 24, 2026