Funds Hold EUR60 Bln To Buy Bank Debt

21 May 2012

Distressed debt funds have raised roughly EUR60 billion ($76.33 billion) to acquire loans from European banks looking to unload a total of nearly EUR2.5 trillion ($3.18 trillion) in non-core assets, according to PricewaterhouseCoopers.

Distressed debt funds have raised roughly EUR60 billion ($76.33 billion) to acquire loans from European banks looking to unload a total of nearly EUR2.5 trillion ($3.18 trillion) in non-core assets, according to PricewaterhouseCoopers.

Click here to read the story from The Financial Times.

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