As June is Pride month—which commemorates the long struggle for civil rights and equal justice for LGBTQ individuals—it’s an ideal time to look at this community in M&T and Wilmington Trust, as well as the clients and the neighborhoods we support. To take us through the way M&T Bank is focused on diversity, equity, and inclusion, we recently spoke with Vice Chairman Kevin Pearson. Please see important disclosures at the end of the article.
The world of broadly syndicated lending faces unique challenges in periods of distress. These challenges can arise when corporate borrowers face liquidity issues affecting their ability to meet the provisions of loan agreements or make payments. They can also emerge more systemically in the case of macroeconomic turbulence that affects spending or credit markets.While COVID-19 may have seemed a harbinger of distress, we found that other less intuitive trends took hold in loan markets.
In the June issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he answers important questions relating to the strength and the length of the U.S. economic bounce as well as the anticipated global upswing and the team’s rationale for a portfolio positioning shift within equities.