WASHINGTON — In an effort to squeeze out profits in a low-interest rate environment, banks are under increasing pressure to lower underwriting standards, offer new, potentially dangerous products and ignore operational risk, a federal banking regulator warned Thursday.

The Office of the Comptroller of the Currency (OCC), in its first Semiannual Risk Review, offered a rare distillation of what agency officials see as the greatest safety and soundness threats facing national banks.

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