Laments of ‘juniorisation’ as crisis measures resurface

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Laments of ‘juniorisation’ as crisis measures resurface

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Cuts made to senior staff in the debt markets are coming home to roost now that the effects of the Covid-19 pandemic are coming to bear on loans and private placements. Old hands that navigated the previous crises are in short supply as borrowers and investors look to implement deal amendments to cope with a coming recession.

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