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Ernst & Young Examines Distressed Debt

Ernst & Young recently conducted a distressed debt survey to determine who will be the most active direct sellers of non-performing loan portfolios.  The results are interesting.get-out-of-debt-feature1

  • 36 percent responded it will be regional banks and thrifts
  • 32 percent responded it will be money center banks
  • 13 percent responded it will be the United States government
  • 11 percent responded it will be insurance companies
  • 8 percent had no opinion

With pressure on banks to de-leverage and raise their book capital ratios, it is not surprising that they ranked first.  Time will tell.

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