As the credit squeeze continues to cause turmoil in the markets, many companies remain in reasonably good shape. For investment banks, corporate clients are once again viewed as important relationships.
Even though the volatility in the markets means initial public offerings have been put on hold, many companies are actively issuing equity and debt, and doing deals. This is particularly true of the mining sector, where the bid battle between Rio Tinto and BHP continues to drag on, while Vale of Brazil is stalking Xstrata.
