Fury grows in the City at mounting bank charges [Edition 3]
Evening Standard - London › June 19, 2009
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Summary
THE City's grandest investment banks are risking a backlash from clients who are irritated by the Pounds 1.5 billion charged this year for simple share placings and rights issues.
Bankers are exacting increasingly large fees to underwrite the deals, claiming that there is a higher level of risk that the sales won't attract enough investors.See the full content of this document
Extract
Fury grows in the City at mounting bank charges [Edition 3]
If not enough sign up, the banks are left holding millions of pounds' worth of shares which they do not want.
But most recent fundraisers have been for c...See the full content of this document
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