Another Ticking Time Bomb——-Wall Street Loans Collateralized By Stocks & Bonds

By MICHAEL WURSTHORN and ANNAMARIA ANDRIOTIS at The Wall Street Journal Loans backed by investment portfolios have become a booming business for Wall Street brokerages. Now the bill is coming due—for both the banks and their clients. Some lenders, including Bank of America Corp., are issuing margin calls to clients after the global market drubbing […]
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