Investment and commercial bankers scrambled Thursday to size up their exposure to losses at hedge funds, following the $3.5 billion bailout of the huge Long-Term Capital Management LP.

Some observers said mounting losses at the complex investment funds could become the latest unexpected crisis to hit the banking industry. But others said Long-Term could prove to be an isolated case.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.