Loan terms to private equity firms too relaxed, says Nordea chief
When the next financial recession comes around, banks offering excessively loose terms on loans to private equity firms in order to win the financing of major corporate deals will struggle. The warning comes from Frank Vang-Jensen, head of Nordea, to the news service, Insidebusiness.
Come the next downturn in the financial sector, problems are likely to arise for banks whose loan terms for financing private equities' corporate deals have been too relaxed, the new personal banking chief at Nordea, Frank Vang-Jensen, tells news service Insidebusiness.
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