Bank fee potential slashed as Trump ends Broadcom's Qualcomm takeover

NEW YORK (LPC) – A dozen banks that signed on to provide a record US$100bn bridge loan to back Broadcom Ltd’s planned US$117bn takeover of Qualcomm Inc will earn starkly less than planned for extending credit to the chipmaker after US President Donald Trump on Monday blocked the deal over national security concerns.

Source: Reuters

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