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Trump makes investment banking fees uncertain again

Reuters 

By Liana B. Baker and Carl O'Donnell(Reuters) - President Donald Trump's dramatic intervention in Singapore-based Broadcom Ltd's $117 billion hostile bid for U.S. semiconductor peer Qualcomm Inc is the latest reminder to investment bankers not to take lucrative fees on transformative mergers for granted under his administration.Seven investment banks that were backing Broadcom's bid for Qualcomm, the largest acquisition ever attempted in the technology sector, stand to lose out on fees as a result of Trump's order on Monday prohibiting the deal due to national security concerns."Bankers ...

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First Published: Wed, March 14 2018. 01:53 IST
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