Several Wall Street companies that could end up in trouble as banks are forced to take significant write-offs on the value of their European bonds. "A lot of firms are going to incur pain as a result of the European debt crisis," said Sean Egan, managing director of Egan-Jones, the independent rating agency. "The problem is the transparency is far from acceptable."
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Several Wall Street companies that could end up in trouble as banks are forced to take significant write-offs on the value of their European bonds.
ReplyDelete"A lot of firms are going to incur pain as a result of the European debt crisis," said Sean Egan, managing director of Egan-Jones, the independent rating agency. "The problem is the transparency is far from acceptable."