Special Report: How Wall Street banks made a killing on SPAC craze

Special Report: How Wall Street banks made a killing on SPAC craze

NEW YORK, May 11 (Reuters) – Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses. A look at one of these deals shows how. …

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