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There is no crock of equity gold at the end of the rainbow
Creditors can and will be bumped down the pecking order at the time when it matters most
Restructuring takes step towards conclusion
Public markets have proven to be often just as illiquid, leading to a convergence in approach
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New capital markets and advisory department will sit within wholesale banking division -
Borrowers likely to opt for bespoke credit structures while banks struggle with onerous capital requirements
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Stefan Scherff joins ING as director of loan capital markets
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An end-of-year surge in deal-making has sparked predictions of a boom in leveraged buy-outs
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Wider spreads, difficult markets but plenty of opportunity
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New energy and coal policies stricter on climate, but are not an exit
