Banks, Shadow Lenders Risk ‘Race To The Bottom’ In Corporate Bond Market
PYMNTS
JULY 13, 2018
Reports in Bloomberg on Thursday (July 12) said the junk bonds and leveraged loans market is worth $2.3 The Federal Reserve issued guidance in 2013 to curb leverage in an effort to prevent a financial crisis repeat, the publication said, but regulators failed to predict the emergence of shadow lenders and non-bank players.
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