"Deferring Fees Till a Deal Pays
Here’s a novelty on Wall Street that deserves to become commonplace: Some investment bankers are deferring some of their fees until the deals they advise on pay off for investors. This is a little like making bankers eat their own cooking, or serving them dessert only if the main course is pleasing.
.... Turkey’s Risky Bet
Turkey has turned an apparent defeat into a temporary victory. Earlier this year, a haggling approach to negotiations with the International Monetary Fund left the country without a support plan in the midst of a global crisis. Turkey managed to avoid economic disaster and the constraints that come with I.M.F. loans. But its economy remains fragile."
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