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Business is booming for Wall St turnaround bankers

Restructuring experts are badly needed at a time when many oil, coal and retail companies are in distress

New York

THE job market is grim on Wall Street. Trading desks are shrinking, hiring is flat, even incentive pay is taking a hit. Except in one little corner of the financial world, where managers can't read resumes fast enough.

The turnaround expert is in hot demand.