Watch for more distress in hotels, tour buses and other forms of travel, nursing homes and aerospace, panelists at the “Tell All Secrets: Behind the Scenes at a Workout Group Near You” discussion at the Turnaround Management Association’s virtual distressed investing conference said Tuesday.
- “In some respects, it’s like 2009” for some industries like retail and hotels, which may see “scarring” and suffer lasting impacts, said
Brian Baileyof the Atlanta Federal Reserve
- “We thought we’d be a lot busier than we are,” said Thomas Donnelly, head of loan workouts at
Webster BankBecause “we’re awash in liquidity,” the restructuring...