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Article: Credit Suisse CEO Bearish on Mortgages, Bullish On LBOs
- Article from:
- Daily News
- Article date:
- October 3, 2007
- Author:
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Copyright informationCopyright 2007 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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LONDON (HedgeWorld.com) - While the U.S. mortgage market will
remain problematic perhaps through 2008, signs of improvement are
already visible in the leveraged finance market as well as in the
commercial mortgage-backed securities sector, said Brady Dougan,
chief executive of Credit Suisse, who spoke Wednesday [Oct. 3] at a
Merrill Lynch Banking and Insurance conference in London.
Regarding the U.S. housing market - also known as the residential
loan sector - Mr. Dougan said Credit Suisse does not expect
origination and syndication to return to recent levels any time
soon. He said the sector will remain "problematic through and
perhaps beyond 2008."
To be sure, Credit Suisse had ...