After SVB and Credit Suisse, a $624 Billion Pile of Distress
Banking turmoil adds $69 billion to global tally of distressed debt
Signage outside a Credit Suisse office in the Flatiron District of New York.
Photographer: Angus Mordant/BloombergWelcome to The Brink. I’m Amelia Pollard a reporter in New York, where more and more companies are falling into distress. We also have the latest on US regional banks, shadow lending and London office real estate troubles. Follow this link to subscribe. Send us feedback and tips at apollard18@bloomberg.net or Tweet/DM to @ameliajpollard.
In the past two weeks, the amount of corporate debt in distress has shot up to $624 billion globally after three regional US banks collapsed and Credit Suisse was hastily rescued by Swiss regulators in a shotgun marriage with UBS, data compiled by Bloomberg show.