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Headline

Wall St crisis? Blame SarBox

Comment

International Presence Sarbox may have reduced listings in the US (helping London become the pre-eminent financial centre), however the investment banks long ago realised that they could make money on listings elsewhere, that is one reason why they have/had a global presence - including in particular in London (Lehman's £8bn in revenue just before insolvency sent to the US!?). Please check on what proportion of those 1739 listings one of the five main US Investment banks acted as bookrunner/advisor. Then provide your comments. I think we will see it was not necessarily Sarbox that caused the problem.

Posted date

22-Sep-2008

Posted time

12:02 pm

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