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By Patrick McCutcheon & Tara Schleicher

Sometimes events of default occur that motivate a bank to seek an exit of the credit, such as changes in upper management, litigation that distracts the business, assertion of lender liability claims, and material financial reporting issues—not to mention payment defaults. When events like these...

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By David MacGreevey & Kathryn McGlynn

The world keeps getting more complex and harder to navigate. This—and the uncertainty it creates—is perhaps the defining characteristic of this age. One crisis leads to the next, as longer-term structural changes remake economies, societies, and day-to-day lives. The most proximate...