The Fed’s ex-boss joins those expressing concern
Tag: corporatecredit
Watchdogs are worrying about a booming corporate-credit market
INVENTORS OF FINANCIAL terminology have little love for language. “Leveraged loans” are at first sight a tautology: in fact they are loans, usually arranged by banks among a syndicate of lenders, to highly indebted companies. “Collateralised loan obligations” (CLOS) are another mouthful. These are not abstract nouns but legal entities, run by asset managers, private-equity […]
