POWER BROKERS OF DISTRESSED CREDIT: Meet 11 Wall Street stars trading busted bonds, bankruptcy claims, and other fire-sale securities
Published
· Distressed-credit trading at Wall Street banks has been a small, quiet corner of the market over the past decade.
· But everything's changed in the last two months amid the worldwide tumult from the coronavirus pandemic.
· Now, firms including J.Crew, JCPenney, Neiman Marcus, and Hertz have filed for bankruptcy, and...