On an overcast Wednesday morning last month, Boston’s leading asset managers called nine of Wall Street’s top banks to an emergency meeting in a skyscraper overlooking the city’s harbour.
Over back-to-back discussions – with a hurried lunch of sandwiches and biscuits – they tried to tackle one of the toughest problems confronting financiers and, potentially, the broader economy: America’s $8 trillion corporate debt market is running out of its lifeblood – liquidity.
For the full story visit Business Spectator.
Sign up for SmartCompany newsletter.
Free to your inbox every weekday