Comment / Market Insight: Bankers grow nervous, expect default rates to surge

Bankers in London have all it takes to live the coronavirus threat with a grin on their face. If their clients struggle with prompt liquidity, they can pump it up, all set to make some serious returns. But nervousness is growing.

In a prolonged, open and rather entertaining chat with Mr Banker – a gentleman, rather than a City wide boy, with whom I have also gone through, emotionally, the credit crunch when Lehman collapsed – the risks of the current ...