Everybody Loves Investment Bankers, Part II
THE INSIDE TRACK
At last week’s launch of Thomson Financial’s Thomson One Banker product, Andrew Appel, a director at McKinsey & Co. and an expert on IT spending, told over 100 attendees that there is a secular downtrend in investment banking fees that will take the industry back to 1997 levels.
Why? The deal flow is down, which has forced investment banks to become more sophisticated about IT spend, in part because their customers also have become more sophisticated. IT departments don’t have the same kind of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
GenAI and data quality converge at T. Rowe Price’s (Data) Lake Como
Jay Como was hired by T. Rowe Price in 2023, just as generative AI was rippling across the capital markets. Rather than accepting data quality as a hindrance to AI development, his team wants to use AI and agents to help solve this long-standing issue.
Pennsylvania entity files antitrust suit against Cusip Global Services
Complaint challenges CGS’s position as the US national numbering agency.
Market data cost increases slow, but prices still outmatch budgets
The market for market data is in flux as procurement teams are buoyed by C-suite attention, AI, and competitive tension. But providers are trying to protect their moat.
LSEG ‘acted in bad faith’ in MayStreet acquisition, new court filing alleges
Lawyers for Patrick Flannery have responded to LSEG’s motions to dismiss the suit for fraud and breach of contract related to the 2022 acquisition.
Bloomberg enhances feeds, Standard Chartered and TP Icap partner on digital assets, and more
The Waters Cooler: LSEG and ASX partner to modernize derivatives platform, MSCI acquires two companies, State Street bolsters data business, and more in this week’s news roundup.
Wilshire Indexes shutters, transfers operations
Investment firm Wilshire has told clients that production and publication of all indexes not already sold or returned to the asset manager’s ownership will be discontinued.
After Dora, ITRS pursues agentic AI for autonomous monitoring
Chief product officer says firms can bolster data resilience with new forms of AI.
Geopolitics hits Middle East datacenters and firms’ operations
The IMD Wrap: Wei-Shen examines recent disruptions to AWS datacenters in the Middle East linked to the US-Israel strikes on Iran, and what it means for data and businesses operating in the region.
