Commentary
Greek Week
A banker friend vacationing in Greece this week reports asking a fifty-something customer in an Athens coffee shop what he…
Read MoreRemembering Jimmy
It’s said that a great tree cannot truly be measured until it falls. The untimely passing last week of Jimmy…
Read MorePayback Time – Readers’ Say
Our mailbag was overflowing in response to last week’s column on the topic of repayment trends in leveraged loans. Readers…
Read MorePayback Time
One bedrock tenet of sound lending practices is establishing the borrower’s capacity to repay its debt over the contractual life…
Read MoreFloor Plans
“The idea that the loan market could trade the floors that exist today for additional spread is pure fantasy.” –…
Read MoreThe New Price is Right
Amid all the wondrous frolicking enjoyed by many this past holiday weekend, we were reminded again of one corollary to…
Read MoreWhy Credit Standards Matter (Last of a Series)
One of the fundamental differences between investing in broadly syndicated and middle market loans is the nature of the due…
Read MoreWhy Credit Standards Matter (Third of a Series)
In the previous two issues of our special series on the state of credit standards in the leveraged lending market,…
Read MoreWhy Credit Standards Matter (Second of a Series)
The response to last week’s column, as we initiated our special series on the state of credit standards in the…
Read MoreWhy Credit Standards Matter (First of a Series)
Much attention has been paid to regulators’ concerns over banks pushing leverage and other risk elements. What goes missing in…
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