Wall Street's 'David' just took its second Goliath-sized deal in less than a month

Early Friday, Wall Street's mega-bankers awoke to find themselves elbowed out of tens of millions of dollars in advisory fees by a boutique upstart. Again. Centerview Partners, the tiny Wall Street newcomer co-founded by veteran banker Blair Effron, is going to divvy up deal fees in the $40 million to $50 million range for its work on General Electric's divesting of about $26 billion in real estate assets, announced this morning as part of a bigger asset sale by the un-bundling conglomerate. The...