In the press I have read a lot about mounting tension recently between IB divisions at banks and their PE arms, where the guys in IB feel closed out of deals as a result of their firms PE involvement in them. I know GS has mooted forming a new devision to bridge such a gap.
I was wondering if any of you actually in employment have felt this at all and perhaps explain it a little further, and whether you think it is a trend that will persist?
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