Boutique wheel of fortune spins into another crisis

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By David Rothnie
30 Jul 2020

Independent firms were the big winners of the 2008 financial meltdown. But they will find the Covid-19 crisis tougher to navigate, as they grapple with a unique set of challenges, writes David Rothnie.

When Ford Motor Co. issued its first junk bonds in the eye of the Covid-19 storm in April, it turned to its usual roster of lending banks. But among the balance sheet behemoths was Evercore Partners — the independent advisory firm better known for its expertise on mergers ...

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