RBS/Lloyds share-sale mandate: for masochists only
The UK government has invited investment banks to pitch for the right to help sell down its bank stakes. Bragging rights and league-table credit are up for grabs - but so is intense public scrutiny during and after the sales. The winners could wind up with a Pyrrhic victory.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.