Anorak | How Investment Banking Works

How Investment Banking Works

by | 20th, October 2008

IT’S very old, I know, but if you really want to understand the way investment bankers think, consider the bill that Goldman Sachs, Merrill Lynch, Citigroup, Blackstone and Greenhill & Co, put in for their work on Northern Rock back in February.

It came to £75 million.

A rather large bill, you might think, bearing in mind that the Rock had to be nationalised, but investment bankers don’t see the world

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Posted: 20th, October 2008 | In: News Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink