Club of big banks announce CEO for new primary platform DirectBooks
The six biggest US investment banks alongside three European firms have created DirectBooks to assist primary market bond sales. It aims to start in the US investment grade corporate market before branching out to other fixed income products.
The nine banks announced the launch on Friday. Alongside Bank of America, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and Wells Fargo are European competitors Barclays, BNP Paribas and Deutsche Bank.HSBC is the only top 10 bank ...
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