Rest in peace
16 June 2004
Email
Share
The casino group brazenly named its five financing banks as advisers in its $7.3bn Mandalay takeover, even though they did almost nothing. Companies are using deal credit to hack back their cost of capital. It renders the league tables meaningless and makes the banks look naive.
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.