Hints and tips:
Related Special Reports
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...The tech giant’s intent to buy the James R Thompson Center building, designed by Germany-born architect Helmut Jahn, from the state of Illinois came as the Chicago business community takes on a momentous...
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...The fintech group attempted to take a stake in Tebon, a smaller Chinese brokerage, in 2015. It had handled the issuing of most of Ant’s securities that were backed by its online loans....
...The defunct retailer Sears launched the Discover card in the 1980s, eventually appending it to the Dean Witter retail brokerage. In the 1990s, the pair merged with the posh Morgan Stanley....
...The merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...He told a Miami official he didn’t move because of taxes, but because of Illinois’ government corruption, crime and the collapse of social services in Chicago....
...The case in question is one of two high-profile antitrust class actions against the real estate industry in the US over broker fees. A similar complaint was filed in Illinois in 2019....
...Any sales industry that is prone to price fixing, such as real estate brokerages....
...Alphaville has sub-zero confidence that prime brokerage arms would run plausible scenarios and cut back on the leverage they offer some of their biggest clients as a result....
...A federal jury in Missouri sided with a group of home sellers in Missouri, Kansas and Illinois last month, finding the largest US real estate brokerages liable for nearly $1.8bn in damages for conspiring...
...“As assets scale, headcount (and with it their cost base) tends to grow on a linear basis,” said a report last year by Goldman Sachs prime brokerage....
...Here are the main concerns that allocators mentioned to Goldman’s prime brokerage team. Interestingly, pass-through fees is a smaller worry than the fact that there might be nasty accidents....
...“As assets scale, headcount (and with it their cost base) tends to grow on a linear basis,” said a report last year by Goldman Sachs prime brokerage, which estimates that multi-managers account for just...
...“It’s a very tough business,” said Harry Jho, founder of law firm Harry Jho LLC, which specialises in prime brokerage, adding that “if you’re providing full financing, you have to be able to assess the credit...
...Dealmaker Bruce Rauner, who would later become the governor of Illinois, and Bryan Cressey became part of its leadership, forming Golder, Thoma, Cressey, Rauner Inc before Thoma and Cressey split away in...
...Smart reads Throwing bones Hedge funds have helped bolster bank profits this year by enlisting their prime brokerage services in an otherwise tumultuous year for markets, fintech adviser Rupak Ghose writes...
...Tiger is seeking cash from large institutional investors such as pension and sovereign wealth funds as well as wealthy individuals with money at large brokerages like Morgan Stanley....
...The action, which focuses on Coinbase’s staking rewards programme, stems from a task force involving 10 state securities regulators including in California and Illinois....
...Third is the evaporating profitability of sellside cash equities businesses. Most revenues and profits are generated by equity derivatives and prime brokerage....
...Charles Schwab, the US’s largest retail brokerage, said it was “disappointed” by NYSE’s handling of the problem and urged the SEC to reconsider its proposals....
...Both entities bring highly complementary strengths and a shared vision of a leading full-service, truly global equity brokerage business, supporting the evolving needs of institutional investors and corporate...
...Corporate relocations out of the Chicago area have been under an intense spotlight recently, with Citadel the third major company to move out of Illinois in less than two months....
...But last October the stock plummeted after the brokerage Peel Hunt published a note saying the company was worth half its market cap, arguing that the potential customer base it was targeting was not as...
International Edition