Could Google break Wall Street's equity underwriting cartel?

Google能否破除华尔街的证券承销同业联盟？

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The bank made money from its Investment Banking arm, which includes financial advisory services and equity underwriting.

高盛的投行业务实现了盈利，包括金融咨询服务和股票承销。

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Investment Banks, meanwhile, face a slowdown in a number of businesses, from advising on mergers to equity underwriting.

同时，投资银行从合并咨询到资产承销等许多方面都面临业务滑坡。

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And equity underwriting, which is more lucrative, could have a long way to run.

ECONOMIST: Investment banking

Otherwise, with no deal activity, bond financing remains depressed along with the equity underwriting calendar.

FORBES: Pain On The Corner Of Wall And Main

One explanation is that equity underwriting still depends on close relations between issuers and their bankers.

ECONOMIST: Investment banking