Bake-Off

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Bake-Off

A situation in which two or more investment banks compete to attract a client's business. For example, two banks may offer presentations to entice a client to use one (and not the other) as the broker in a merger or acquisition.
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References in periodicals archive ?
We wanted to do something to help, so we thought that with the current craze in home baking made popular by many TV programmes we would ask our customers to take part in bakeoffs to raise money.