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Cdo structures - PowerPoint PPT Presentation

Scott S. Hickey Executive Vice President & Chief Credit Officer

Scott S. Hickey Executive Vice President & Chief Credit Officer. Banks lent to ever increasing multiples of cash flow. Debt- to- ebitda levels of 3 to 5x were common with specialty industries even higher. On top of those high multiples, banks underwrote to

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Cdo structures - PowerPoint PPT Presentation

Scott S. Hickey Executive Vice President &amp; Chief Credit Officer

Scott S. Hickey Executive Vice President & Chief Credit Officer