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corporate defaults – XtremeCuztoms

Category: corporate defaults

‘Everything Points to Relatively Mild Recession’ in 2023: Bank of America CEO

April 19, 2023
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The chief executive of Bank of America (BofA) is expecting a recession to hit the United States this year, with GDP growth projected to fall for three consecutive quarters. U.S. GDP is estimated to contract by 0.5–1.0 percent for the upcoming three quarters before growth turns positive, BofA CEO Brian Moynihan said during the bank’s…

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Corporate Defaults to Rise and US Will Enter Recession: Survey

April 14, 2023
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Credit portfolio managers estimate U.S. corporate defaults to rise, according to a recent survey, with the vast majority of respondents expecting the country to slip into recession this year. In the Credit Outlook survey conducted by the International Association of Credit Portfolio Managers (IACPM), 86 percent of respondents stated that defaults will rise over the…

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