Jay Ritter
Cordell Eminent Scholar Jay Ritter

Special Report: How Wall Street banks made a killing on SPAC craze

Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses.

Cordell Eminent Scholar and IPO expert Jay Ritter shares his insights for this story from Reuters