A parade of big U.S. investors such as Cerberus and Apollo snap up billions in European toxic loans.
The Wall Street Journal, July 16, 2019 – European banks have cleared nearly half of the toxic loans off their balance sheets since emerging from a debilitating debt crisis earlier this decade. To read the full article, click here.
“Investors with robust infrastructure can work out consensual resolutions [with borrowers] relatively quickly. This can be a win for banks, borrowers, and investors.”
Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate