Greenhill & Co., an investment bank specializing in mergers and acquisitions, rushed out second-quarter results on Sunday in an effort to halt a drop in its shares and allay investor fears over its business model, reports the Wall Street Journal
The results were better than expected, but the unusual move of putting out the figures on Sunday, three days ahead of schedule, underlined investors' worries. One of the largest "boutiques" that compete with sprawling financial-services firms such as Goldman Sachs Group Inc. and Morgan Stanley, Greenhill has seen its shares fall 43% this year…..
Read more at http://online.wsj.com/article/SB10001424052702304567604576452342541728336.html?mod=WSJ_business_whatsNews
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