Exclusive: Jefferies restructures junk debt business, bankers leave ? sources

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Exclusive: Jefferies restructures junk debt business, bankers leave ? sources
NEW YORK (Reuters) - Jefferies Group LLC will merge its junk-rated loans and bonds business with the junk debt unit of its joint venture with MassMutual Financial Group, according to people familiar with the matter, in the biggest reorganization by a U.S. investment bank since the leveraged finance markets seized up last year.
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