Banks Once Burned, Now Twice Shy About Taking on More Takeover-Deal-Related Junk Debt

Even though the junk bond market has made an impressive rally since it got severely whacked in the commodities downdraft and the post-Fed rate-increase generalized selloff in January, the banks that are typically the first port of call for originating this type of debt are still suffering more than a bit of a hangover. Read more

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