It is difficult to believe now that 2020 opened with all the talk at Davos focused on environmental, social and governance issues, sustainability and the transition to a low-carbon economy.
Just weeks later, the markets were thrown into disarray as Covid-19 spread and the US commercial paper market seized up, forcing corporates to draw down credit lines or ask for new facilities in breath-taking volumes.
This was one of those periods of market panic that fully tests banks’ ability to serve their clients.
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