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Guggenheim Investments is reportedly considering having its affiliates purchase a hard-hit loan, as one of its funds reaches Great Financial Crisis-era lows. This development comes amidst a federal probe into Walter's empire, to which the loan is connected.
A financing entity of Guggenheim Investments moved to explain a steep 77% decline in second-quarter earnings, which occurred after the disclosure sent its loan price tumbling.
A loan from Guggenheim Investments' financing entity fell to a new low, despite the firm's efforts to reassure lenders about its second-quarter earnings.
A loan from Guggenheim Investments' financing entity experienced volatility after executives reassured lenders of expected third-quarter earnings improvement, while avoiding details on a wide-ranging probe.