“This is a market signal [from Sewing] that, “I understand that Sewing is doing this to send a signal about his commitment to the bank and the restructuring, but I think a lot of things here are out of his control,” says Mayra Rodriguez Valladares, managing principal at capital markets consultancy MRV Associates. ‘Yes, I believe in this, and I’m going to turn this ship around’—but it’s the market that long ago stopped believing, and there are a lot of unknowns yet to come,” Valladares says. “To me, this looks like a desperate measure.”