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Wednesday, Oct 30
Goldman and UBS to be questioned over Royal Mail IPO
- Shares of the U.K.'s Royal Mail are up 62% since the privatization, and that's not sitting well with lawmakers who feel underwriters Goldman Sachs (GS) and UBS may have gipped the government. Also to be called to the hearing may be bankers from JPMorgan, Citigroup, and Deutsche Bank - each of these firms suggested a higher price for the company, but none ultimately got a piece of the deal.