If only one leveraged lender was going to receive a Matters Requiring Immediate Attention (MRIA) letter from the regulators, there would have been no prizes for guessing that it would be Credit Suisse. It seems that several such letters have been sent to a number of leading leveraged finance houses, but when it comes to testing the boundaries in this business, Credit Suisse has form.
Its US leveraged finance business has been a resounding success for the Swiss bank, which has built an enviable reputation in this market – one of the most lucrative in fixed income.
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