Wall Street Will Keep Gorging on SPAC Fees Long After Boom Fades
This content was published on May 12, 2021 - 04:00
May 12, 2021 - 04:00
(Bloomberg) Wall Street will continue reaping rewards from its embrace of blank-check companies for a long time, even if the record-breaking boom in listings comes to an end.
Investment banks have earned as much as $15 billion from underwriting and advisory work with special purpose acquisition companies since the start of last year, according to research firm Coalition Greenwich. At least $8 billion of that revenue hasn’t been booked yet and will show up in banks’ results over the next two years, the data show.
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Elephant calf rescued from open well in Jharkhand village. Viral story
Elephant calf rescued from open well in Jharkhand village. Viral story
An elephant calf was rescued by forest officials from an open well in a village in Jharkhand. The pictures that were shared on social media have gone viral.
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Picture of the elephant shared by Parveen Kaswan on Twitter.
A wild elephant calf accidentally fell into an open well in a village in Jharkhand and was rescued by forest officials earlier this week. The pictures of the rescue operation have gone viral online.
The pictures of the rescue operation were shared on Twitter by Indian Forest Service (IFS) official Parveen Kaswan on Tuesday. It showed how officials rescued the animal from the open well.
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