Deals
BofA CEO Says Leveraged-Loan Stress Could Ripple Through Economy
- Bank tops league table for U.S. leveraged-loan issuance
- Direct lenders doing big deals traditionally handled by banks
Brian Moynihan
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Bank of America Corp., which tops the league table for U.S. leveraged-loan issuance, is watching that market closely for signs of stress.
“The real concern is: Is there too much leverage in the system in certain companies, and if they have trouble, will that impact the economy?” Chief Executive Officer Brian Moynihan said in a Bloomberg Television interview. “We get concerned about that because it usually reverberates back” to banks.