Heard on the street: Sometimes, the house bets against the house

6 November 2012 | 2 minutes read

Clients of a large European bank were bewildered when two different sets of advisors from the same bank offered conflicting “house views” on the same asset class. A Hong Kong-based head of advisory at a private bank who once worked with the bank in question acknowledges that this is not an unlikely scenario. “We would have conversations regarding the views…

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