Selling of Distressed Notes is Big Business

By |2011-11-29T09:23:03+00:00November 29th, 2011|

By Jeremy Cohen, partner If you told me five years ago that the selling of distressed notes by banks would become a virtual retail industry, I wouldn’t have believed it. Yet here we are, and business is booming. As an example of the frenzy, I recently had three different clients bidding on the same note. [...]