NEW YORK/WASHINGTON  – As talks over raising the U.S. government’s $31.4-trillion debt ceiling go down to the wire, Wall Street banks and asset managers have been preparing for the fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. But this time, the relatively short time frame for reaching a compromise has bankers … Continue reading How Wall Street is preparing for possible US debt default