Sentences with phrase «junk bond business»

A few months earlier, in connection with insider trading scandals, the Securities and Exchange Commission had sued Drexel and the man who built its junk bond business, Michael Milken.

When the Fed decided to terminate the junk bond business to prevent the real estate market from blowing up, all of our customers in North America, and Europe, suddenly stopped buying at the same time.

Not exact matches

The following year, Trump financed his third casino build primarily with junk bonds in a much - maligned deal that contributed to his eventual business bankruptcy.

The paper finds that junk bonds are, in fact, a very good indicator for forecasting economic peaks if not troughs, effectively warning ahead of eight of the last ten peaks in the business cycle.

Actually, as much as I'd like to nail Romney and Bain, it was Mike Milken who started this business of doing LBOs with junk bonds way back in the late 1970s.

When Michael Milken, the junk bond king, was let out of prison, he said that he wanted to be involved in education because he considered it one of the biggest moneymakers for American business.

The drugmaker's bonds were cut to junk from investment grade by Moody's after its US$ 41 - billion buyout of Allergan Plc's generics business in 2016 left the company with a debt load that outweighed its value in the stock market.

Teva Pharmaceutical's bonds were cut to junk from investment grade by Moody's after its US$ 41 - billion buyout of Allergan's generics business in 2016 left the company with a debt load that outweighed its value in the stock market.

Some large financial institutions, whether for regulatory or business reasons, can't buy junk bonds.