Bloomberg Television
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Wall Street Banks' Risky M&A Debt Problem
Posted
January 13, 2023
Views
2,658
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42
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Engagement
1.66%
January 13, 2023
2,658
42
2
1.66%
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1:34Now PlayingAfter seeing a $1 trillion profit haul driven by a flurry of mega buyouts, some of the world's largest banks have been forced to take big writedowns on debt-fueled mergers and acquisitions, leaving them stuck with about $40 billion of risky debt on their books. Lisa Lee explains in today's "Big Take" on Bloomberg Television.
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