Quotes of the month
“I feel very comfortable with the fact that Spanish banks have a lot of retail clients in their shareholder base; I’ve never been bothered by that”
“Executives do not want to lose control of the strategic narrative. They want to get on the front foot and stay ahead of the activists”
“We want to be in a liquid credit market. That is our escape route. If the deal is being syndicated to one anchor investor and maybe three others and the issuer has nothing else out there, then that is not for us”
“Some of our employees may not have had the same life experience of our customers.