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Article: Banks helping investors with homework to rev up secondary market for loans.
- Article from:
- American Banker
- Article date:
- June 20, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As far as lenders are concerned, the development of a more liquid market for bank loans can't happen quickly enough.
With mutual funds, pension funds, and insurance companies now buying into corporate loans, bank lenders are launching intensive research efforts and specific loan indexes. The research activity is expected to fuel investors' interest in the loans and filling their need for information.
BankAmerica Corp. recently brought six professionals into a new loan syndication and trading research group, which will provide the same kind of research on loans as provided by the bank's high-yield bond and corporate bond groups. Bankers Trust New York Corp. is ...