Restructuring As A Possibility For Balancing Portfolio Danger

For example, Wells Fargo owed its bondholders $267 billion, based on its 2008 annual report. A 20% haircut would reduce this debt by about $54 billion, creating an equal quantity of equity within the process, thereby recapitalizing the financial institution considerably. Debt for fairness deals often happen when giant corporations run into severe monetary bother, and often lead to these […]