this post was submitted on 18 Jul 2023

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Long-feared corporate debt woes start to hit home (www.reuters.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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[–] Num10ck@lemmy.world 2 points 1 year ago

corporate debt defaults are the burden of the banks, which makes them unable to approve loans, which kills off the smaller regional banks and also hopes for corporate growth, so jobs too.