In a 'wall cross', everyone wins except retail shareholders
www.theaustralian.com.au › business12 hours ago -
It’s the $5bn game being played out in financial markets as investment banks and fund managers square off on new equity raisings. ... All going well, the compliance department suitably muted, an investment banker calls the PM (portfolio manager) and asks whether they want to cross the ...
If any posters are subscibed to The Australian, then todays article by John Durie would better help explain what is happening in the financial markets at present.
Regards.