“That [competitor] was strong in energy, infrastructure and real estate – but the fee pool has moved away from that”
The skill of damning with faint praise has lost none of its relevance
“Investors tell me it’s hard to buy European banks. If you are a generalist investor, US regional banks were the stable part of your portfolio. And it takes a while to get your head around European banks trading tighter than them”
A FIG banker is exasperated at how long the buy side takes to adapt
“It’s not hard to win the mandate, but you might get a call from the CEO asking about the performance of the bond.
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