Recent turmoil in the banking industry has made the already-difficult task of selling off tens of billions of risky buyout debt even harder for Wall Street firms
has made the already-difficult task of selling off tens of billions of risky buyout debt even harder for Wall Street firms.
Bank of America Corp. , Barclays PLC, Morgan Stanley and others together currently hold $25 billion to $30 billion of on their balance sheets, according to leveraged-finance analytics firm 9fin. The unsold debt is tied to leveraged buyouts that banks agreed to finance before worsening credit conditions last year sapped investor appetite for the paper.
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