TRLPC: Sankaty sops up JPM loan portfolio, targets asset-shedding banks
July 29, 2014 at 15:55 PM EDT
NEW YORK, July 29 (Reuters) - Sankaty Advisors swooped in to buy $1.3 billion of loans and other securities from J.P. Morgan in its biggest portfolio takeover yet, and sees opportunity to soak up more from European banks shedding assets to meet regulatory requirements.