Didn't this happen during the sub-prime crisis where the firms sold their toxic assets to their clients.
Here, the banks don't buy a stake in Uber until they arrange the pool of investors. Or maybe they are selling shares from other clients who want to get out of the investment.
It's doubtful the banks themselves have Uber equity on their books.
http://qz.com/305996/all-the-ways-investment-banks-are-cozyi...