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Banks Get Burned by Risky Debt, Imperiling Buyout Activity

Laura Cooper
·4-min read
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
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  • BAC
  • BAC-PQ
  • BAC-PS
  • CTXS
  • GS
  • CS

Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the outlook for deal activity.

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