TITLE

WALL STREET'S NEW DATING DILEMMA

AUTHOR(S)
Tunick, Britt Erica
PUB. DATE
June 2003
SOURCE
Investment Dealers' Digest;6/16/2003, Vol. 69 Issue 24, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
In the post- $1.4 settlement Wall Street era, bankers and analysts are now being chaperoned by compliance officers for just about every interaction imaginable. Bankers at Merrill Lynch &Co., Citigroup-both of which signed the historic settlement-and Banc of America Securities-which was not part of the accord-say that bankers and analysts no longer sit together, or even on the same floor. Not surprisingly, bankers are chafing at the restrictions and aren't shy about letting their new guardians know it. Seriously, though, bankers said firms have yet to officially weigh in on social interaction between the two groups, but the prevailing wisdom is that it's become a forbidden activity.
ACCESSION #
10170963

 

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