FTI Consulting’s 2024 Leveraged Loan Market Survey found that cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year when only 29% had such a view.
According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%.
According to FTI Consulting, nearly half of respondents (47%) expect slightly higher workout activity in 2022, with another 35% expecting 2022 workout levels to be approximately equal to 2021.
According to a survey from FTI Consulting, 41% of bank and non-bank lenders expect strong economic growth this year, yet 70% said that the effects of Federal Reserve policy actions and benign credit market conditions will dampen default and restructuring activity for up to one year.
FTI Consulting hired Dave Katz as a senior managing director in the firm’s corporate finance and restructuring segment of the senior lender advisory practice. Katz most recently served as a managing director at JPMorgan Chase and brings more than 20 years of experience to his new role.