June 2003
Investment Dealers' Digest;6/16/2003, Vol. 69 Issue 24, p38
Trade Publication
This article presents information about FIGs in the investment banking sector of the U.S. as of June 9, 2003. Goldman Sachs, Morgan Stanley and UBS have cut the fees they charge for public stock offerings, including IPOs and secondaries. Sun Alliance Insurance Group, Goldman charged 2.4% to sell $1.4 billion of new shares in the insurer's Australian unit. Royal Bank of Scotland bolstered its position in the British insurance market by acquiring Churchill Insurance from Credit Suisse for $1.8 billion. Corporate Library, a governance research firm, issued a list of enterprises with the worst corporate governance.


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