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Banks Vie for $2 Billion in Secretive Equity Derivatives

By Elisa Martinuzzi and Ziijing Wu
Published February 29 2012 Bloomberg

Investment banks, including Deutsche Bank AG (DBK) and Morgan Stanley (MS), are vying for as much as $2 billion in annual fees in Europe arranging customized equity derivatives -- a secretive market that has defied the downturn.

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