The competition has been described as “bloody”, “rampant” and even “carnivorous”.
Amid the worst drought of initial public offerings and rights issues since the collapse of Lehman Brothers, equity capital market bankers are having to work extra hard to stay relevant this year.
In this tense atmosphere, investment bankers are bidding more aggressively – and sometimes disastrously – for so-called “block trade” work, where banks buy large quantities of stock at a discount and sell it on to investors.
您已閱讀10%（500字），剩余90%（4428字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。