The choreographed capital spending cycle in many sectors has been upended
The first rule of banking is “Always say no.” There is good reason that bankers have earned the reputation of being fair-weather friends.
You have to understand banks’ balance sheets. They are the most highly geared entities in the world — they operate on a thin sliver of capital and the rest is equity. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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