Business, 23.09.2020 14:01 jrassicworld4ever

Because of the magnitude of the potential losses that may be incurred by an investment bank participating in the sale of a large underwritten security issue, it is customary for a group of banks to create an underwriting syndicate to reduce the risk exposure of each participating bank. The investment bank that organizes and leads the syndicate is called the:. (Selling group, participating dealer, OR managing underwriter).

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