Financial Times: Bankruptcies Soar as High Rates and End of Covid Aid Hit Businesses Hard
Article by Valentina Romei in Financial Times
Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era measures to support business worth trillions of dollars.
Following a decade of decline the number of US corporate bankruptcies rose 30 percent in the 12 months to September compared with the year-ago period, according to courts data.
Higher interest rates, along with the collapse of zombie companies that had survived on Covid-era government support, have fueled the .......