Opinion
This is the epicentre of the next financial blow-up
Most leading bankers agree that the massive and risky US leveraged loan market will be the epicentre of the next financial blow-up.
Karen MaleyColumnistIf there’s one thing senior bankers can agree upon, it’s that the next blow-up in global financial markets will be centred on the massive US leveraged loan market.
It’s not surprising that bankers are concerned, given that a staggering $US350 billion ($554 billion) of low-cost loans taken out by highly geared companies have to be refinanced in the next three years.
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