It's confirmed: loans are not bonds in " victory for the flow of capital to American businesses"

By Michelle D'souza

You're a loan. No, nothing to do with lockdown and social distancing. It's actually a victory for the $1.2 trillion US loan market as a court ruling finds that loans are not securities in the long-running Kirschner v. JP Morgan Chase case

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TAGS: High yield bonds Regulation CLO Leveraged loans North America