Hats off to all those involved in the remarkably successful leveraged financing backing Blackstone’s carve-out of a 55% stake in Thomson Reuters’ Financial & Risk unit (of which, full disclosure, IFR is a part).
SYMPATHY FOR ROBIN Phillips, who has been subject to a stinging personal attack from some anonymous employees. But HSBC’s co-head of global banking shouldn’t be cowed. The group claiming responsibility for the letter refer to themselves as “extremely concerned investment banking professionals”. A less frightening gang is hard to imagine.