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Corporate Bankruptcies Drop 50 Pct Since Pandemic Start

The U.S. saw 10 bankruptcy filings by large corporates with at least $50 million in liabilities in April, but that’s almost 50 percent lower than the same period last year, when there were 19 filings, Bloomberg reported on Tuesday (May 4). Traded distressed bonds and loans, at $82 billion, also hit its lowest level since the COVID-19 pandemic took hold in March 2020. At the peak of the pandemic, the amount of traded distressed...