Oct
12
Happily Paying $2,500/hr to See Morgan Stanley
BySky-high investment banking research pricing is like a velvet rope at a hot new nightclub.
Some goods attract more demand as their price increases—think fashionably torn jeans. Or as their availability shrinks—like when only one discounted ticket is left. Investment banks seem to be betting on both when it comes to setting premium prices for their research. That may be a fair pitch, as new MiFID II rules push up barriers to entry and restrict supply. Banks will have to work harder to lure pickier clients, though…