Banks Get Burned by Risky Debt, Imperiling Buyout Activity

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Banks Get Burned by Risky Debt, Imperiling Buyout Activity
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Bank of America, Credit Suisse and Goldman Sachs are among the banks that could collectively lose billions on buyout loans they agreed to provide when demand for the debt was high

Bank of America, Credit Suisse and Goldman Sachs are among banks that could collectively lose billions on buyout loans they agreed to provide when demand was high

Lenders including Bank of America could face heavy losses if markets suffer before the lenders can parcel out leveraged loans to institutional investors.

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