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...Last week it took part in a $3.84bn debt sale tied to the buyout of software group Citrix, picking up the junior bonds at a deeply discounted price when lenders led by Goldman Sachs and Bank of America raced...
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...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...Because he was bored, The Wall Street Journal reports. Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
...Group LLC reeled in $7.3 billion of net trading revenue in the first nine months of last year, as the proprietary trading giant benefited from market swings and an expansion of its products....
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...The Chinese property sector has emerged as the biggest threat to the stability of the global economy, fuelling a “dramatic shift” out of emerging market stocks and into the US, according to Bank of America...
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
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...The big banks — such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Citigroup — are no longer Wall Street’s pre-eminent innovators and risk-takers. And that is by design....
...The Wall Street bank has seen an exodus of senior talent in recent months, the FT reports....
...This is about a very small subset of women who can go to a plaintiffs’ law firm and say, ‘Look, my target is a billionaire.’” V....
...Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large private equity takeovers, taking advantage of a void on Wall Street as other lenders are sidelined....
...Behind closed doors, executives were pushing a different narrative, the Wall Street Journal reports. Great expectations Some saw Arm’s listing as a positive sign for a laggard IPO market....
...Citadel Securities’ entry into America’s $10tn corporate bond market looks set to turbo charge an electronic trading revolution in an asset class once dominated by large banks and telephone transactions,...
...Despite its well-connected co-founders, hailing from Wall Street’s most powerful banks and law firms, the boutique advisory was little known outside of financial circles....
...When Deutsche Bank won control of its local rival Postbank in 2010, it was hailed as a way to hedge against the boom and bust of Wall Street by nabbing a bigger slice of the German retail market....
...Smart reads Somebody’s watching A private investigator spied on the boss of one of America’s biggest power companies, sparking an internal investigation into whether it was commissioned by a fellow executive...
...Centerview Partners has edged out Wall Street giants including Morgan Stanley and Bank of America in deal activity rankings this quarter, taking the highest spot for a boutique advisory firm in decades....
...The bonds are among the final pieces of a multibillion-dollar financing package that the banks had kept on their own balance sheets after a sell-off in financial markets wreaked havoc on Wall Street’s dealmaking...
...Profitability under pressure Alphaville explains why rising “deposit beta”, Wall Street’s new favourite buzzword to describe how much of interest rate rises are passed on to depositors, are bad for banks...
...Soon after, Centerview hired a trio of Bank of America technology bankers to lead the Palo Alto office....
...A sale of the debt would come as a relief for the banks that have been forced to keep debt from Citrix and other leveraged buyouts on their own books when a rapid rise in interest rates sank credit markets...
...Modi brushes aside a question about a recent relaxation of US-China tensions, saying they are “best addressed by the people and government of America and China”....
...Big lenders such as Barclays and Bank of America have been stuck holding loans that they initially intended to sell....
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