I agree and don't agree Melua. The guys running the show still have the bnb mentality. Although BNB is no longer fleecing bbi there are plenty of others still taking their slice.
I had a conversation with a guy working on a mandate for a company in a similar situation to bbi. Neither his management nor coy management were in a rush. Seems like the mandates do not contain time linked bonuses which seems crazy to me.