Crisis grows in EMEA loans as banks fear job losses after volumes plunge

The growing sense of crisis in European loans cranked up another notch this week as senior bankers lamented the fact that profitability is failing to rise to offset the market’s plunge to an 18 year volume low. With their hopes of higher pricing and fees dashed and a meagre deal pipeline ahead, many lenders are losing faith that they will meet their 2012 budgets. Some fear job losses in their teams.