Last week, Bank of America Merrill Lynch (BAML) applied the paddles to the flat-lining European CMBS market. The investment bank launched a deal which has the potential to get the blood pumping around Europe’s commercial mortgage securitisation market once again. There haven’t been many signs of life since last September, when volatility in the capital […]
We are a society of extremes: First, last. Best, worst. Largest, smallest. In finance — and financial journalism — it’s easy to cling to them. Who isn’t a sap for a story about the tallest building or the largest deal. But numbers that may seem like the best, or the worst, don’t always tell the […]