The weaker economy and market volatility could actually be a boon for banks and other participants in the syndicated lending market, according to experts addressing a conference in New York Wednesday.

Plenty of opportunity exists to work with distressed companies to restructure debt, according to Donald H. McCree 3d, co-head of the North American credit markets group at J.P. Morgan Chase & Co. He spoke on a panel at the 31st annual Bank and Financial Analysts Association conference, singling out Lucent Technologies and Federal Mogul as recent examples of the kind of companies that will need guidance.

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