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A slow destruction of misallocated investment is more likely than a sudden stop
Investors confident software fears are overblown
Bonds of energy importers have sold off, but investors convinced fundamentals are still strong
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Consortium of four banks provided financing with one bank new to deal -
LBO financing includes $5.75bn term loan to be priced early next week
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Eight banks provided the loan, which can switch by lenders' consent
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Paul Gibbs among those departing the firm after long service
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More robust growth expected in 2026
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The best investment banks are those that can navigate all conditions, not just thrive in the good and survive the bad
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