Banks clamour for piece of Pru as shareholders protest - papers

clock

The City's leading investment banks are falling over themselves to get a slice of the $700m in fees on offer from Prudential's record $21bn rights issue.

The three banks in charge of the deal, Credit Suisse, HSBC and JP Morgan Cazenove, were last night drawing up a list of 30 others to share some of the risks - and rewards. Every British, European, American and Asian investment bank active in the equity markets is understood to have pitched to take part. The final group of 30 sub-underwriters is likely to include heavyweights such as Morgan Stanley, Bank of America, Merrill Lynch, Barclays, Royal Bank of Scotland and Deutsche Bank. Full story...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

How Trump's 'America first' presidency affects UK financial advisers

How Trump's 'America first' presidency affects UK financial advisers

Sahar Nazir investigates how President Donald Trump is affecting the financial services sector

Sahar Nazir
clock 30 April 2025 • 5 min read
Reeves reveals 'comprehensive' draft regulatory regime for crypto assets

Reeves reveals 'comprehensive' draft regulatory regime for crypto assets

Working with the US to develop rules

Eve Maddock-Jones
clock 30 April 2025 • 2 min read
FCA drops SDR plans for portfolio managers

FCA drops SDR plans for portfolio managers

To focus on MPS review for now

Jen Frost
clock 30 April 2025 • 4 min read