Highland Capital Management bought the loan management business of ING Bank, ING Capital Management. [Highland beat out Babson Capital Europe and NIB Capital for the loan management business. The acquisition served to accelerate Highland's entry into the European loan market.] High-yield spreads began the New Year by widening and many market participants believed the Federal Reserve was getting ready to become more aggressive in its rate hikes. [The Fed has continued its rate-rising policy, increasing the rate at every opportunity through the end of last year.]
One Year Ago In The Credit Markets
