Examining the changes brought about by entry of nontraditional lenders into distressed investing, Siskin commented that "banks were, for better or worse, pretty consistent in how they managed credit. ... You knew who you were dealing with in terms of restructuring."
"With the nontraditional lenders that are coming in," he continued, "many of them have hired people from different firms, but [the fact that] since they've come from a lot of different firms they really haven't established a credit culture."
Watch the video for more of his insights into nontraditional lenders - George White
Read Dealscape post on the full panel
See more Distressed Investing Conference coverage
