As clients tackle the most challenging financing environment for more than a decade, with surging inflation, rapidly rising interest rates and the overhang of a potential recession, it is understandable that banks are focused on their immediate needs. But these must be met in concert with longer-term funding strategies that will have been laid down before the current market volatility.
“Every company we meet is experiencing a micro transition,” says Elif Bilgi Zapparoli, who was co-head of global capital markets at Bank of America before becoming head of international client strategy in June.
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