Basel Costs Become Goldmine for Swedish Firm Restructuring Debt
- Deutsche Bank, Santander are on Hoist's growing client list
- Hoist is currently in talks with central bank of Greece
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For Europe’s banks, rising capital requirements represent a huge cost. But for one Swedish firm, the post-crisis world order is proving a goldmine.
Hoist Finance, which helps international banks restructure debt by acquiring or managing non-performing unsecured consumer loans, anticipates stricter capital demands will force more banks to shed their problem loans in an effort to remove the costliest assets from their balance sheets and boost returns.