to occur since Congress needs to vote on these changes,
which is a cumbersome process. They did concur that
what may change immediately is the attitude of the
regulators and their interactions with the banks.
When it comes to the administration’s plan to place
tariffs on foreign goods, panel members also agreed
that given the global nature of their businesses, this
would have a negative impact. Schuldiner pointed out
that the prospect of low-skilled manufacturing jobs
returning to the U. S. is “a fantasy” and it would be more
productive to train people in the skilled jobs needed for
The lenders were followed by a conference first: A
panel of four women executives discussed executive
leadership. Rob Katz of EisnerAmper stepped in > >
the banks come in inside of us,” he said.
The company is lending to oil and energy companies and metals, not producers, but supporting players.
He noted that they are not large enough to hedge
and “the banks won’t lend to them,” so they fall into
Wacker of TD noted, “We’ve seen a lot of liquidity
in the market, very competitive pricing. And we haven’t
seen a difference between the tiers. So whether you’re
doing a $20 million loan or a $2 million loan, there’s
not a lot of price difference. Also a lot of the larger
transactions have migrated down to the lower transac-
Panel members all agreed that any changes in the
actual bank regulations i.e., Dodd Frank, will take time
Top: The 10th Annual Philadelphia Credit & Restructuring
Summit was held at the Union League after nine years at
the Villanova Conference Center.
Bottom: (Left) Michael Bonner, partner for Stradley Ronon
Stevens & Young, presides over the conference’s first session of the day, which centered on current trends and the
potential effect of Donald Trump’s presidency across the