GE Capital has been the number one debtor-in-possession financing shop in the US for the past five years. In view of the leveraged finance boom, that is a position Wall Street banks are viewing with envy. In March alone, GE Capital lost several key personnel to Morgan Stanley and Barclays Capital, which are both intent on expanding their leveraged finance capabilities.
In an internal memo at Morgan Stanley last month, Michael Hart, co-head of the acquisition and...
