Bankers scrap for M&A fees in cut-throat Spain

Some claim half the work done last year was unprofitable for advisers

What Spanish M&A bankers need more than anything is a good scrap.

That is the image Javier Salaverri, co-head of Iberia at Schroder Salomon Smith Barney (SSSB), uses to describe the activity that practitioners in the region are hoping for – and whatever turns out to be the spark that sets it off. He says: "It's like a fight in a bar. You never know who started it."

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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global ClienteleExternal link

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele