Banks Get Burned by Risky Debt, Imperiling Buyout Activity
Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the outlook for deal activity.
Bank of America Credit Suisse Group and Goldman Sachs Group Inc. are among the banks that could collectively lose billions of dollars on buyout loans they agreed to provide when demand for the debt was running high.
Quoted from Various Sources
Published for: Ipodifier