Underwritten loans biz drowns in too much liquidity
More borrowers are eschewing underwritten loans, causing frustration and concern among banks as their usually quiet corner of the market faces huge structural changes.
In the latest sign that the traditional syndicated loan market is evolving into a market where the borrowers crack the whip, underwriting — and the fees that come with it — has become a much smaller small part of lenders' businesses.One banker at a ...
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