The Banker’s Tale

While small issues remain, the credit intensive problems are under control according to a banker we spoke with. Yet there still are only 6 or 7 banks open for business, but open does not mean wide open. There is no pressure from senior management to do deals or fill the pipeline; the lessons of the past have been learned. The priority is to avoid mistakes and do profitable deals opportunistically whether with existing clients or new clients if the deal is exceptional. Banks are allocating their limited capital to attractive well-priced deals with good risk. Doing nothing is a viable strategy these days.

This is only an excerpt of The Banker’s Tale

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