Left to right: Simon Parry-Wingfield and Ben BabcockHeidelbergCement has successfully restructured the debt accumulated from its Hanson acquisition with the help of Morgan Stanley, who were tasked with Europe's largest-ever stressed refinancing exercise. Writer Edward Russell-Walling
The financial crisis introduced the idea of banks that are not only too big to fail but, in some ways, too big to save. When their assets become multiples of the gross domestic product of even an advanced country, and when guaranteeing their liabilities threatens to bankrupt the nation, there is a legitimate political debate about the size of banks.
Its longevity is as unique as its global appeal and from its very first issue to this, its 1000th, The Banker has remained true to the vision set out by its founder, Brendan Bracken. The international outlook and forward thinking that has made The Banker such a success over the past 83 years is a course that will be steadfastly continued. Writer Stephen Timewell