It’s a marriage between two of Wall Street’s hottest products. Collateralized loan obligations — typically chock-full of broadly-syndicated debt — are increasingly being stuffed with private loans made to highly leveraged medium-sized companies with limited access to bank financing. Known …
Lending standards in the rapidly growing loan market are deteriorating and complex financial products that mask risks to banks have parallels with the run-up to the 2008 financial crisis, the Bank for International Settlements warned on Sunday. The number of …
Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis. ACA Financial Guaranty Corp. claimed Goldman and …
