Taking Issue

摘要

The league tables are dead, long live the league tables. With the decline of underwriting as a profitable investment banking activity, the old habit of buying league table position ought to have fallen by the wayside. But apparently it is still alive and kicking. "League tables do still matter in this market," says Daniel Palmer, head of global capital markets at HSBC. "Being number one isn't important but clients do need to feel that you are relevant. Where you are in the league tables is often the only way to measure that."