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Pressure is on for investment banks – The Australian Financial Review

This M&A boom, coupled with a rush of new entrants, has had some unexpected short-term consequences.

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Whats going on?
Industry competition has never been more intense locally.
In the past few years, US-based Jefferies, New Zealands Jarden and the Barclays-backed Barrenjoey Capital Partners have all entered the market, with aspirations to become top-tier,…

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