The weekend showed that you can’t escape Halloween in the suburbs of Australia’s big cities. So it’s only fitting that financial markets have also got a new demonic creature to fear – the army of zombie companies is on the march again.
Just weeks ago, JPMorgan chief Jamie Dimon warned that cockroaches in the private credit sector were likely to grow in number after the now infamous collapses of US car parts group First Brands and subprime auto lender Tricolor.
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