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> There is zero precedent for a nationalised investment bank of all things. Aren't large state holding companies and sovereign wealth funds (Norway, Singapore,
by umeshunni 4y ago
> There is zero precedent for a nationalised investment bank of all things.
Aren't large state holding companies and sovereign wealth funds (Norway, Singapore, ME/Gulf countries) a special case of national investment banks?
- JumpCrisscross 4y ago> large state holding companies and sovereign wealth funds (Norway, Singapore, ME/Gulf countries) a special case of national investment banks With respect to the latter, no. They’re less levered. And they’re principals. Investment banks are levered, mostly sell-side beasts with highly-specialised, highly-compensated (and similarly lucrative) staff with a penchant for blowing up.