The folks at Reuters who came up with the for an article on the bankers competing for the GM IPO are clueless (From fear to greed, banks jostle for GM deal.). The employees who work at the banks competing for the business are trying to win. Nothing wrong with that, is there? No.
For the folks in the 9.6% unemployed hell, it’s the attitude from the Reuters’ folks that contributes to impeding a full economic recovery.
Interestingly, the rewards are not high $$$ fees, but “bragging rights” and “league tables story”, i.e., reputation.