“A marriage of German flair and Italian efficiency”
A commentator’s description of UniCredit’s $16 billion takeover of HVB Group in June 2005
 |
“OK, if there were a big credit event, and if it coincided with one of the dealers going down, there would be a problem. How many ‘ifs’ do they want?”
In January 2006, this credit derivatives banker took issue with a Fitch report arguing there was too much risk in the market. It turned out there were more than enough ‘ifs’
“Private equity has the liquidity, hedge funds have the brains – the only thing us banks have left is credibility…”
Not much has changed since an investment banker told us this in February 2006 – apart from the last bit perhaps
“Have you seen the share price this morning?” “No.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
