The Great Debate UK  from Breakingviews:  Banks bully, brokers
bleat  It's just not fair. Those beastly banks are snatching the
bread from our mouths, chorus three of London's mid-cap broking
houses. "Taxpayer supported banks" (do they by any chance mean
Lloyds and Royal Bank of Scotland?) are strong-arming the
clients of Panmure Gordon, Numis and Evolution into steering
lucrative rights issue underwriting their way.  The trio are so
upset at the sight of this lovely business disappearing that
they have written to Paul Myners, the government's Minister for
the City, to complain about "anti-competitive behaviour." It's
"stifling competition in the capital markets." Anecdotal
evidence from twitchy businesses in thrall to their banks
suggest they are right.  It's not just the "taxpayer supported"
banks who can see the opportunity. Switching lenders in today's
conditions is tricky, and both sides know it. Underwriting
equity issues, as practised nowadays, is a wonderful business to
be in. The days when the new sh