Rate hikes cut both ways as corporate bankruptcies head for worst year since 2010, Guggenheim says
Corporate bankruptcies look likely to hit the highest level in 13 years as the Federal Reserve’s interest rate rises exacts a toll, according to Guggenheim Investments. More than 450 corporations already filed for bankruptcy protection this year through the end of August, eclipsing annual totals for the past two years (see chart). At that pace, …