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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 ...

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