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23:39 Jun 21, 2005
English to Chinese translations [PRO] Bus/Financial - Investment / Securities
English term or phrase:they do it
Financial sponsors’ growing buying power naturally affects how resources are allocated within banks, and Mr Bogle acknowledges that CSFB is “reorienting” to a certain degree. For example, it is becoming more common for the industry coverage guys to spend time with financial sponsors, he says.
All in all, Mr Bogle says, it’s a great business to be in. “We have to work with sponsors who operate or specialise in every kind of business strategy – distressed, turnaround, industry specialists, small firms, large firms – you name it, they do it. And that makes it interesting and challenging for us. It’s great to be involved in a business that’s all about re-energising.”