“We’d rather you use the word ‘innovative’ rather than ‘aggressive’”
We think the attitude of this banker rather sums up the investment banking industry
“Telling investors to be cautious on cov-lite loans is like telling them not to lie down in heavy traffic”
One asset manager feels the regulators concerns about the loan market amount to pointing out the bleedin’ obvious
“This is a good fight to have but once you are saying that high leverage automatically equals sloppy underwriting then you are wrong”
A banker defends the leveraged finance industry against regulatory criticism
“The regulators should be celebrating the fact that the banks are not doing crazy deals. The guys doing the crazy deals now are the ones that are not regulated”
Oh... good?
“It’s like Otis Redding sang: ‘Look out, nothing’s gonna change. Everything still remains the same’”
A lyrical but cynical FX banker looks at the future post the fix scandal