Hints and tips:
Related Special Reports
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...Capital One agreed in February to acquire Discover in one of the banking industry’s biggest deals since the 2008 financial crisis. The takeover is now undergoing scrutiny by banking regulators....
...“We’re in the markets we want to be in.”...
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...Dear reader, Sometimes, it turns out, bankers do know what they’re talking about. In January, I questioned the talk about “green shoots” in dealmaking by US banking bosses....
...Citadel made a record $16bn in 2022 to displace Bridgewater as the most successful hedge fund of all time, according to research by LCH Investments....
...Additional reporting by James Fontanella-Khan in New York...
...Handler, who led the tech banking practice at Centerview beginning in 2008, left the boutique in 2022 amid a rift with Centerview’s founders, Blair Effron and Robert Pruzan....
...An aborted investment last year in Cotiviti was initially to be funded by direct lenders, as ructions in public markets pushed banks to the sidelines....
...Investment banking, meanwhile, had its best quarter in two years, with revenues of $2.1bn....
...Apollo originally entered into an agreement with Credit Suisse — which was rescued by UBS last year — to purchase its securitised products division in 2022, including a related investment management contract...
...Problems could arise in moving away from a banking environment where regulatory oversight and risk management is really high towards a system based on investment managers that don’t have the same focus on...
...The pick-up in mergers and acquisitions could usher in Wall Street’s long-awaited recovery for investment banking....
...“Obviously they’re different industries, but if you’re going to recruit people to a new platform, it’s helpful to have a team excited by a bold new opportunity,” he said. “It’s a similar road map.”...
...Job moves Goldman Sachs co-head of European investment banking Gonzalo Garcia has left the bank, according to a memo....
...Ofcom considered that International Media Investments, a majority partner in the takeover vehicle’s owner, “may have the incentive to influence TMG in a way that could potentially act against the public...
...If you’re keen on coming but have no friends interested in finance quizzes, email us anyway. If there’s space and demand we’ll try to arrange some stragglers’ tables....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...in investment banking raised questions about its seriousness....
...At JPMorgan Chase, investment banking head Vis Raghavan regularly told recruits, “You’re either reading the news or making the news.”...
...Or as one legal expert put it: “If they think that we’re at the top and so they’re getting out, that’s a rather stark signal to everyone else.”...
...“Whenever you’re dealing with elite athletes as Castore does, there are always challenges,” said Beahon. “We responded really quickly to that challenge....
...Citigroup last month won approval from Chinese regulators to launch its own wholly owned mainland investment banking unit....
...“You can see quite a meaningful churn of clients if they’re saying, ‘let us sell you more things or we can’t bank you any more’.”...
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
International Edition