And now for some good news for banks ... OFT proposes no further investigation on equity underwriting fees

OFT proposes no further investigation on equity underwriting fees

The Office of Fair Trading ("OFT") has published its provisional decision following an investigation into equity underwriting services.  It has concluded that it should not refer the market to the Competition Commission for detailed review.  It does make a range of recommendations for ways in which boards and institutional shareholders might seek a better deal from banks.

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