Corporate America's Transfusion

With an expected onslaught of bankruptcies, Street firms may find a new source of fee income: advising sickly companies.

October 27, 2008

With the US economy in a tailspin and financial markets paralyzed, few US companies will readily find lenders, forcing them to opt for some sort of restructuring in or out of a bankruptcy court. The workout business has not been very active since the last bankruptcy wave of 2000-2002 that came on the heels of the dotcom bubble burst. But, it promises to be a source of fees for Wall Street firms that have seen some important sources of revenue falter amid the credit crisis.

The full article is available to IDD Magazine subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.