Credit Brief: Brace for Defaults; Lippmann Cutting CLO Risk

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• Deutsche Bank sees a wave of defaults about to crash over US and European high yield, and markets aren’t ready;
• Famed investor Greg Lippmann says structured credit offers the biggest opportunity in a decade;
• Direct lenders are taking the keys to companies which they’ve loaned money.

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To contact the reporters on this story:
Taryana Odayar in New York at todayar1@bloomberg.net;
Caleb Mutua in New York at dmutua@bloomberg.net

To contact the editors responsible for this story:
Dan Wilchins at ...