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.
According to a FTI Consulting study, 53% of bank and non-bank lenders in the U.S. market viewed COVID-19 as an event more significant than global financial markets were expecting, and 19% viewed it as capable of triggering a global recession.