Daily News: March 20, 2015

Wall Street Turns to Specialty Lenders to Counter Tighter Rules

The Wall Street Journal reported the New York Stock Exchange debut Wednesday of a specialty lender backed by Goldman Sachs Group is the latest move by Wall Street to counter tighter rules on high-risk loans.

With the opening of trading in Goldman Sachs BDC, New York-based Goldman joined Credit Suisse Group AG and others in having created tax-advantaged, specialty lenders called “business development companies” that enable the firms to lend to one of the fastest-growing segments of the U.S. market—small companies with no credit ratings, the Journal said further.

To read the entire Journal article, click here.