Once bitten, not shy: Investors again seek margin loans as stocks rally

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Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors.

FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

While clients were not returning to margin borrowing at the level they were before the crash, “things are better than a month back,” said Murtuza Rasiwala, Americas head of banking, custody, escrow and margin and securities-backed financing at Citigroup Inc . In another sign of appetite for risk, single-stock lending—often deemed a more high-risk business—appears to remain attractive. Philipp Wehle, the head of Credit Suisse’s international wealth management division, said such lending was still on offer, with the unit recently undertaking a major single-stock transaction with a long-standing emerging market client.

“A lot of folks didn’t realize how much risk they had all these years during this bull run,” said Matt Wolper, at Wolper Law Firm in Fort Lauderdale, Florida.

 

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I re-wrote that headline for you. 'More debt on top of unsustainable debt'

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waiting for the 2nd crash, plz buy stocks guys.

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