Loan veterans fear juniorisation of market

By Mike Turner
15 Aug 2019

Some senior loan bankers believe there is an increasing shift in hiring practices towards junior staff, as the syndicated lending market faces mounting pressure on lenders to cut costs.

This has been a tough year for loans desks, with volumes way down on 2018, itself a slow year for many major banks.

Now, some heads of loans desks are concerned about that two years of sluggish business will mean cost cutting at their firms.

“When volumes are low,” said ...

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