By Jessica DiNapoli
Corporate America’s undertakers prepare for feast after lean years
NEW YORK (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Street’s nine-year bull market, one corner of the financial industry is cheering.
Debt restructuring experts are gearing up for a pickup in business, expecting more debt defaults and more financial stress in general ahead, an ominous sign for investors already rattled by last month’s stock market sell-off.
Restructuring advisors at several firms told Reuters they were more optimistic now than at any time since the 2008 financial crisis, and h…
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