You are here: Home » Reuters » News
Business Standard

Corporate America's undertakers prepare for feast after lean years

Reuters  |  NEW YORK 

By Jessica DiNapoliNEW YORK (Reuters) - As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Street's nine-year bull market, one corner of the financial industry is cheering.Debt restructuring experts are gearing up for a pickup in business, expecting more debt defaults and more financial stress in general ahead, an ominous sign for investors already rattled by last month's stock market sell-off.Restructuring advisors at several firms told Reuters they were more optimistic now than at any time since the 2008 financial crisis, and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, March 14 2018. 10:52 IST