Global Banks Withdraw from SPACs After Creating Blank-Check Frenzy

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Only a few years after helping to create a massive market for blank-check companies, banks are backing away from the deals, fearful of the risks. According to Bloomberg, Goldman Sachs Group Inc. is ending its involvement with the majority of the special purpose acquisition companies it took public and halting new SPAC issuance in the… Continue reading Global Banks Withdraw from SPACs After Creating Blank-Check Frenzy