Big companies are putting investment banks under pressure to cut back on the army of advisers working on UK takeover deals and other transactions amid rising concern about leaks.
In recent weeks several clients have asked investment banks to review the number of employees that have to be informed about live transactions, several bankers told the Financial Times.
The conversations stemmed from escalating concern among regulators about a high number of leaks about takeover deals and unusual trading activity in companies ahead of acquisitions or other big transactions, they added.
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