Not to put salt on the wound but looks like there was a shakeout this year for the SAs. You gotta wonder whether these banks will quickly add back capacity if things start looking better come winter.
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Besides Jefferies / potentially RBC, which banks had it rough? Seeing conversions in line with previous years at other banks across threads
Definitely lower offers at MM banks that rely mostly on sell-side M&A. Blair/Baird probably made it out okay but most others have been seriously affected by COVID.
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