Leverage on the way back

American banks are increasing lending to buyers of high yield company loans and mortgage bonds at what may be the fastest pace since the credit market debacle began in 2007.

29th August, 2009

American banks are increasing lending to buyers of high yield company loans and mortgage bonds at what may be the fastest pace since the credit market debacle began in 2007.

Credit Suisse Group AG and Scotia Capital, a unit of Canada’s third largest bank, said they were offering credit to investors who want to purchase loans. SunTrust Banks Inc, which left the business last year, is ‘‘reaching out to clients to provide financing’’, according to Michael...

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