Loans have been suffering, alongside other credit markets, with volumes of new deals down by as much as a third on last year. Loans are no longer profitable enough for banks to want to make them for their own sake. At the same time, clients need bank support more than ever before as the capital markets close to many and relying on commercial paper roll-overs becomes dangerous. That offers a great opportunity to leading syndicated loan banks that have put their faith in using their balance sheets to secure M&A and capital markets business – as long as their portfolio managers can then mitigate the credit exposure concentrations.
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