haku: @author Lee, P. / yhteensä: 104
viite: 42 / 104
| Tekijä: | Lee, P. |
| Otsikko: | Gravy train gets bogged down |
| Lehti: | Euromoney
1996 : FEB, 2, p. 40-43 |
| Asiasana: | MONEY FINANCE PRIVATIZATION |
| Kieli: | eng |
| Tiivistelmä: | Competition is driving down the fees banks charge for running privatization issues. Last year 3% is heading below 2%. Top firms argue that skimping on fees damages issue quality and, especially, after-sales service. But the same firms are cutting their charges to stay in the game. In January, Merryll Lynch won a mandate in Brazil as global coordinator for the privatization of mining conglomerate CVRD. The fee will be just 1.91% of the funds raised. This is bad news for other leading investment banks which regularly compete for the world's top mandates. |
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