The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank open to operational hazards
M&A advisory fee down 5.1 per cent to a three-year low of $303 million
Some investment bankers fear losing their competitive edge as they pitch digitally for business, amid concerns that younger bankers are falling behind
Asks them to direct investors to original source of public info
Market players said the lockdown and social distancing norms had made it difficult for companies, investment bankers and legal firms to do the paper work for IPO filings
At the fifth slot is SBI Caps closing three deals worth $2.9 bn, followed by Nomura Holdings with $1.7 bn across two deals, and IDSBI Capital Markets with $1.3 bn involving two deals
Billion-dollar deals aplenty for right business
Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21
Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000
Investment bankers from around the world have been pitching for years to win a coveted role on Aramco's IPO
The lull in the primary market has hit investment bankers hard
Regulatory changes provide lenders clearer picture of which trades are prohibited, but critics say they could again endanger the financial system.
All-time high mop-up of Rs 1.2 trillion through IPOs, QIPs in 2017-18