"For the companies in the middle [market] then, [bank] deleveraging is happening and impacting them in a very significant way," says FTI Consulting Inc.'s Shaun O'Callaghan in this interview from the 2012 Wharton Restructuring and Turnaround Conference. O'Callaghan goes on to address EU legal and country differences as well the Continent's austerity measures and lack of growth. - George White
Mayer Brown LLP hires Lawrence V. Berkovich as a partner in the banking and finance practice, amid "rapid growth of the CLO market." For other updates launch today's Movers & shakers slideshow.