3 ms·
I think he's saying the money client pay to investment banks is a small compared to size of the deals bankers advice / underwrite etc.
by btian 10y ago
I think he's saying the money client pay to investment banks is a small compared to size of the deals bankers advice / underwrite etc.
- gaius 10y agoBut it is large compared to what the shareholders earn, and they are the ones ultimately pulling the strings. The days of the white-shoe partnership are long gone...