Financial Times FT.com

Investment banking

Group aims to cut cost of equity underwriting

By Kate Burgess

Published: October 25 2009 20:53 | Last updated: October 25 2009 20:53

Wanted: one small or mid-sized company urgently in need of money.

A group of influential investors is working on plans to cut out the investment banks that advise companies on raising fresh funds by issuing new shares.

Lord Myners

Lord Myners says directors and shareholders need to push harder over fees

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