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