BY: ADAM C. ROGOFF, ANUPAMA YERRAMALLI, AND PRIYA K. BARANPURIA F inancial distress – sometimes it is isolated to specific borrowers and other times, it is endemic within an industry. In recent years, energy (e.g., oil, gas, and coal), retail and other industries have suffered widespread losses leading to restructuring and, often, bankruptcies. While… (More)
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