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Finance Dictionary and Glossary of Investment Terms
investment banking group
A group of investment banks which jointly underwrite and distribute a new security offering, or jointly lend money to a specific borrower. A syndicate does not work together permanently, they are formed for specific deals that might be too difficult or too risky for a single underwriter or borrower to handle. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or distributing syndicate.