Special Report: How Wall Street banks made a killing on SPAC craze - Reuters.com
/cloudfront-us-east-2.images.arcpublishing.com/reuters/G5F4KIEQ5RNDLDST2KQFKTU7HQ.jpg)
5/11/2022 12:00:00 AM2 years 11 months ago
Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses.
NEW YORK, May 11 (Reuters) - Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money o… [+23004 chars]
full article...