Sep 04 2016

Takeover Loans Have Couple Of Takers On Wall Street

Wall Street banks are struggling to offer billions of dollars of loans they made to fund the corporate buyout boom, a sign that investor hunger for riskier financial obligation stays muted despite a robust autumn rally in other monetary markets.

The slowdown threatens to cool the surge in mergers-and-acquisitions that has sent out takeover volume in 2015 to record levels, thanks in part to easy credit. Bank of America Corp., Credit Suisse Group AG and Morgan Stanley are among the banks battling to sell loans they made to back …