Wall Street banks finally moved a big slug of buyout debt recently, but investors shouldn’t get hung up on it. What they should be worried about is banks not doing enough deals.
Investment banks across Wall Street including Bank of America Credit Suisse and Goldman Sachs are on track to share losses of more than half a billion dollars in the financing for a leveraged-buyout of Citrix Systems The Wall Street Journal has reported. After delaying the offering until last week, they were able to sell bonds and loans sitting on their books, but at steep discounts. Pinpointing how that will hit any individual bank is hard, but the experience could affect future deals.
