The loan market fights back

The loan market fights back

Is a sudden turn away from the bond markets what Europe really needs?

Mugur Isarescu

Mugur Isarescu

Romania’s central figure

Bruce Wasserstein, Chairman and CEO of Wasserstein Perella



When investment bankers turn to writing, few professional scribes lose sleep over the competition. A banker's motivation for putting pen to paper is often either ego or epitaph. Neither makes for a gripping read. A book by Bruce Wasserstein, co-founder of New York M&A boutique Wasserstein Perella, might therefore be expected to be met with scepticism.

But despite a publicity photograph that makes the author look as if he's auditioning for a part in a mafia movie, Big Deal: the battle for control of America's leading corporations is far from an exercise in self-promotion. And even though Wasserstein is now in the elder-statesman bracket among Wall Street's finest, the book doesn't imply his retirement or retreat from the M&A business. "In fact the reverse," he says. "Last year was our [Wasserstein Perella's] best ever, and this year looks like it's going to be even better than last."

When...


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