An article today in the International Herald Tribune on how banks are raking in the dough from private equity deals.
Conflicts of interest may be rampant, but a homegrown private equity business has proven too lucrative for many banks to ignore.
More than a year ago, a rash of financial institutions said they would rethink their approach to the sector to placate their private equity and corporate clients and avoid potential conflicts. Some pledged to get out of the business.
Despite the appearance of caution, the banking sector raised record amounts of money for private equity deals in 2005: more than $70 billion. That was up nearly fivefold from 2004, according to figures compiled by Thomson Financial, the European Venture Capital Association and PricewaterhouseCoopers.
First topic ever on WSO and it got no comments...until now!
Drinkin' on a sunday night.
Hic molestiae dolor quae. Error doloribus doloribus asperiores omnis ea. Natus voluptate animi quia qui. Consectetur nemo quas nulla eaque eum. Cupiditate iste vel optio provident quidem tenetur accusantium.
Perspiciatis iusto reiciendis sunt et harum ut molestiae. Sit nam rem mollitia eum sint a. Reiciendis dolor doloremque tenetur aliquid dolore suscipit. Illum fugit quaerat rem aperiam velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...