Risk premiums for bank debt are "highly unlikely to ever return to their former levels,"...

|By:, SA News Editor

Risk premiums for bank debt are "highly unlikely to ever return to their former levels," according to a report from Moody's, thanks to baggage still carried from the financial crisis. "This is a terrible time to be a bank, but it may be a wonderful time to start a bank," says Jason Trennert, commenting on Goldman's beefing-up of its in-house bank.