The Ranger went to meet him for a coffee to discuss the shape of the loan market and the recent GlobalCapital loans awards. Inevitably, the discussion turned to Turkish bank loans.
The loans for Turkey’s large commercial banks are as regular and reliable as clockwork — the mules of the loan market, if you will.
The Ranger, keen as ever for a good story, implored our source to give us some exciting new angle on the Turkish loans.
“Is there anything exciting to say about the Turkish FI refinancings?”
“No,” was the blunt response. “Nothing at all.”
Right. That's that then.
We seek him here, we seek him there
Part of the week was filled with the excitement of Sean Malone’s departure as head of loans at BTMU.
Malone resigned at the end of last week and will be formally employed by the bank until early May.
There was much chatter about where Malone was headed.
Was he going back to Deutsche Bank? Or perhaps switching for a Japanese competitor? The market buzzed with theories.
But the Ranger and our trusty colleagues followed the trail that took Malone back to his former haunt, RBS.
There were a number of gags about the prospect of Malone leaving BTMU for ‘Royal Bank of Shrinkage’. Especially after RBS carried out a radical restructuring of its capital markets operations last year, including as many as 100 job losses.
One contact saw the Ranger’s breaking news story on Malone’s move and fired off an email to the Ranger:
“Just seen the article, that was quick!”
“Yes, that’s the funny thing about the news!” replied the Ranger.
This week the Ranger is off to the chilly climes of Germany to meet the Schuldschein market, and will return with tales of adventure, and probably some stolen stollen.
