Bove: U.S. Bank Loan Sales Echo Resolution Trust Corp.’s Bad Debt Sales of 1990s

U.S. banks are selling non-performing loan pools and they are finding buyers that include business development companies, PE firms and hedge funds, recalling debt sales conducted by the Resolution Trust Corp. in the 1990s, Richard X. Bove, vice president of equity research at Rafferty Capital Markets LLC, tells Bloomberg Brief’s Aleksandrs Rozens.

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