QUOTE
“Investment banking used to be a customer facilitation business that served its client base. Investment banks were private partnerships that were very attuned to the risks they were taking. They were relationship-based – not transaction-based – entities; and they took a long-term approach to the business. That meant aligning themselves, through culture and fee structure, with their clients’ best interests. Doing the right thing for clients was the operating principle.“
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The mantra for every good business- at least it should be.
peHUB » How a Changing Investment Banking Industry Will Finance the Future
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