Michael DeSombre Quoted in Fox Business Article on Reaction of Global Bankers to Potential Slowdown in Chinese Cross-Border Dealmaking

June 23, 2017

On June 23, Michael DeSombre was quoted in a Fox Business article titled “Bankers Brace for Chill in Helping Chinese Companies Buy Overseas.” The article explained the preparation of global bankers to face a likely slowdown in helping Chinese companies make cross-border acquisitions following the announcement that China's banking regulator will examine debt levels among major Chinese conglomerates, some of the country's largest dealmakers. “Many have been surprised at the amount of debt these conglomerates have been able to take on and the willingness of Chinese banks to lend,” said Michael, noting that the regulator's actions are a “natural follow-on in terms of things getting out of hand with large-scale leverage.”