Southpaw: Lazard lands Greek mandate as investment banks seek relevance with government work
A mandate advising Greece on a potential restructuring — understood to have been won by Lazard — is the highest
profile piece of business going for bankers working for government clients. But governments everywhere are providing banks with a stream of advisory and capital markets mandates. It’s a tricky, low-fee business, writes David Rothnie, but is becoming essential in order for banks to stay in the flow of investment banking
For all the problems engulfing the Hellenic Republic, the country has yet to appoint an investment bank to advise it on its negotiations with the International Monetary Fund. Or has it?
While mandating an adviser could send the wrong signals such that the country is seriously considering a
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