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SSA

SSA borrowers spark fee fight after EU cuts back

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Public sector borrowers are looking to follow the EU’s lead and cut underwriting fees in the biggest revamp to the way banks in the market are paid in a decade. Bankers slammed the move as “naive and disruptive” and say that, while it may save a basis point or two in execution, it could cost them far more long term, writes Burhan Khadbai.

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