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-0.00040001167416043 2.91854011189956E-05 0.00174597370223682 -0.00065752991932811 -0.00168760289999871 -0.00185928173011058 0.00140261604201333 0.00277604668290754
Stock impact report

Wall Street Takes New Role as Matchmaker to Private Credit [BNN Bloomberg (Canada)]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: BNN Bloomberg
Citigroup Inc. and Goldman Sachs Group Inc. are among Wall Street giants that served as matchmakers on recent transactions between smaller companies looking for loans and private lenders eager to provide financing. Their pitch to direct lenders boils down to this: we can use our vast network of corporate clients to help you find issuers that want financing, and take them through all the paperwork involved in getting a private loan, for a fee. It's the latest step that big banks have taken to reclaim business their leveraged lending desks have lost. Historically the biggest buyouts would be funded with junk bonds as well as leveraged loans that were arranged by big banks then syndicated to a wide array of investors. Leveraged finance and related businesses generated about a third of Wall Street's investment banking fees. But private lenders have been taking more of that business, forcing banks to consider other ways to get involved. In addition to advising direct lenders and small Show less Read more
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