Boutique wheel of fortune spins into another crisis

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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