Hints and tips:
...“You’re going to have a raft of M&A in 2023,” said Pete Bowden, global head of energy banking at Jefferies and one of the industry’s go-to dealmakers. “They’re out there shopping for more inventory....
...Jefferies has named Richard Fisher as a senior adviser. He has previously held roles including president and CEO of the Federal Reserve Bank of Dallas....
...Lorie Logan, president of the Dallas Fed, called on Thursday for an immediate resumption of rate rises....
...His mission, he tells me on a Zoom call from his workshop in Dallas, is to “make people understand leather and experience it better”....
...Aneta Markowska, chief financial economist at Jefferies, called the latest inflation data “the best piece of news in a while”....
...At the same time, a regional survey from the Dallas Federal Reserve revealed that Texas manufacturing activity contracted sharply in June....
...Moelis & Co banker Lawrence Chu has joined Jefferies Financial Group to help expand the bank’s Dallas office, per Bloomberg....
...Among them is Kyle Bass, founder and chief investment officer of Dallas-based Hayman Capital Management....
...Mr Jope’s record running Unilever’s biggest division has also been mixed, says Jefferies analyst Martin Deboo....
...The service, which is also in Munich and being expanded into Dallas and Los Angeles, costs $1,800 a month....
...Mr Dudley is typically considered to be a dove on the Fed’s policy-setting board, so his remarks were “significant”, according to Thomas Simons, a money market economist at Jefferies, the investment bank...
...Half of the US tuned into the soap opera Dallas every week, where P&G invaded television sets with adverts for its deodorants and soaps....
...It supplies warehouse loans to Honor Finance of Dallas, for example, which did a debut $100m securitisation in December....
...Rusman joins as a tax partner in the firm’s New York office, re-locating from Dallas where he was based with Weil, which he joined in 2007....
...John Hecht, an analyst at Jefferies, described the impact of the tweaks in the numbers — and the further delay in confirming second quarter figures — as “not meaningful”....
...Jefferies analyst John Hecht agreed, noting that net charge-offs of 8.2 per cent during the period were lower than the bank’s forecast of 8.6 per cent....
...“We think that this is a temporary phenomenon, brought on by the volatility in financial markets and economic data at the start of the year,” said Ward McCarthy at Jefferies....
...In January, investment bank Jefferies said it cost 90 barrels of oil to purchase one square foot of London’s prime West End floorspace, compared with 20 barrels a year ago....
...“The recent rally in oil prices could reduce the severity of the pressure but credit migration and reserve builds will continue,” said Ken Usdin, analyst at Jefferies in New York....
...April was the heaviest month for energy company bankruptcies since the oil price started to turn in late 2014, according to Haynes and Boone, a Dallas-based law firm....
...The price of oil dropping below what was previously thought to be a stress point is turning into reality,” says Jeffery Weaver, chair of the International Association of Credit Portfolio Managers....
...That deal, part-financed by New York investment bank Jefferies, signalled what he describes as a comeback after two years out of the business....
...Jefferies acted as financial adviser to PRA, while Credit Suisse, UBS and Wells Fargo served as advisers to KKR....
...“The last one I saw was my cousin, Ronnie. Every time he invites me over to dinner, he turns to religion. Last time I saw him, I didn’t back out, I took him full on....
...Blockbuster, based in Dallas, boasts a library of more than 125,000 films and said it would use its brand name and its “multiple delivery channels” to revive its business....
International Edition