Hints and tips:
...By ringing the closing bell at the New York Stock Exchange — which Piper Sandler’s Rich Repetto did on Thursday....
...He then sold it to Piper Sandler in 2020 for $24mn in cash plus $15mn in restricted stock....
...Boutique investment bank Piper Sandler has been appointed to explore strategic options for PacWest, according to two people briefed on the matter, days after First Republic was seized by US banking authorities...
...“If anything, with economic uncertainty you probably want to start building capital,” said Jeff Harte at Piper Sandler....
...And let’s be frank. Visa and Mastercard aren’t wildly exciting companies, even for financial journalists. We all use them every day but give them as much attention as the plumbing in our house....
...“The big banks came into the pandemic looking overcapitalised and after more than a year of no stock buybacks they look even more overcapitalised,” said Jeffery Harte, senior research analyst at Piper Sandler...
...Other senior Wall Street leaders have also made unusually frank public statements about their desire to pursue fund management deals....
...asked Elie Honig, a former southern district prosecutor who is a partner at Lowenstein Sandler....
...He said: “To be very frank, it seems [like] envy from competitors or perhaps something else given that Mr Thiam looks a little bit different than the typical Swiss banker....
...In 2017, J Crew parted ways with Lyons and men’s designer Frank Muytjens, and Drexler stepped down as CEO (he stayed on as chairman until 2019)....
...Frank Bisignano, former JPMorgan chief operating officer, is the chief executive of First Data, the payments company that was sold to rival Fiserv for $22bn in January....
...[and] he’s an outsider, which will help with regulators,” said Scott Siefers, analyst at Sandler O’Neill....
...As a result, Lauren Sandler, author of One and Only, has argued that they are more mature and intelligent....
...It is just over a year since Donald Trump vowed to “do a big number” on Dodd-Frank, the 2010 law designed to rein in excesses on Wall Street....
...The brick-and-mortar strategy stands out, says Frank Schiraldi, an analyst at Sandler O’Neill in New York, at a time when most other banks are closing branches and pouring resources into their mobile offerings...
...“There are parts of Dodd Frank that are just a burden to society....
...Scott Luftglass, partner at law firm, Fried Frank, argues that: “The appraisal statute presents a tilted playing field....
...It benefited from mandates for clearing derivatives laid out in the Dodd-Frank financial reform of 2010, a law the incoming Trump administration has said it will “dismantle”....
...His father, Frank Price, as a head of Columbia Pictures, oversaw classics such as Kramer vs Kramer and Tootsie....
...Exchange leaders have already made calculated acquisitions based on what they believe the landscape will look like in a post-regulatory environment,” says Rich Repetto, an analyst at Sandler O’Neill in New...
...Small banks are less efficient than bigger rivals because they cannot spread costs across multiple branches, says Fred Price, managing principal at Sandler O’Neill, a New York investment bank....
...“People are cautious – they don’t want to get too ahead of themselves about [the recent uptick in] volatility,” says Rich Repetto, analyst at Sandler O’Neill....
...“While they are making good strides in interest rates overall, the OTC [interest rate swap] revenue per million continued to decline in the third quarter,” said Richard Repetto, of Sandler O’Neill....
...An excellent research note on Mifid from Richard Repetto, principal at Sandler O’Neill + Partners, this week underlined that the US Dodd-Frank Act has mandated much the same process for over-the-counter...
...“This is a more aggressive posture to now look at both the trading and clearing opportunities,” said Rich Repetto, principal at Sandler O’Neill....
International Edition