“AT1s and equity are closely matched asset classes whose fortunes have markedly diverged”
David Marks, chairman of FIG DCM at JPMorgan, explores risk appetite at the bottom of the bank capital stack
“It is difficult to see how many banks in Europe will be able to cover their cost of equity on a standalone basis”
José Meseguer, co-head of Citi’s financial institutions investment banking in Europe, sees bank mergers as inevitable
“No one creates a conservative enough financial policy to get them through a three-month period of shutdown – and they shouldn’t”
Lockdowns have placed enormous pressure on the corporate world, says Jonny Fine, head of investment grade syndicate at Goldman Sachs
“Covid helped us in many ways.
