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You can get around that with a performance-linked note. The bank owns the equity and issues a note whose value is explicitly linked to the valuation of the unde
by crmd 6y ago
You can get around that with a performance-linked note. The bank owns the equity and issues a note whose value is explicitly linked to the valuation of the underlying stock.
- vlovich123 6y agoI feel like that’s a distinction created just to let bankers skirt rules. Like what Carl Icahn and Soros did which by any sane rule book would be insanely illegal.
- globular-toast 6y agoYou are now qualified to be a banker.