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Wells Fargo, JP Morgan and Citi are among the top US bank buyers of CLOs
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New appointment comes amid strong Asian private placement activities -
Executive is moving to more senior role
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Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
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A slow destruction of misallocated investment is more likely than a sudden stop
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Investors confident software fears are overblown
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The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion
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