Hints and tips:
...By Tuesday Jefferies had commitments of about $1bn, with the deal to be priced based on the prevailing market price on the day it closes....
...“The industry continues to have a revenue problem and the cost structures are not aligned with the current growth outlook,” Jefferies analyst Daniel Fannon wrote this week in a note about the sector....
...Take it from us — at DD, we encounter more than our fair share of masters of this particular craft. Enter Henry Timms....
...“Transformative M&A has arrived,” Jefferies analyst Dan Fannon wrote in a note....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on social media...
...Daniel Fannon, analyst at Jefferies, called the results “modestly worse” and said a lower tax rate accounted for much of the unexpectedly high earnings....
...“I don’t think anyone pushes back on the strategy itself,” said Dan Fannon, an analyst at Jefferies. “It is something where they need to get more scale, particularly in wealth.”...
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter...
...Jefferies, which specialises in smaller companies that few other banks cover, is rapidly gaining market share....
...Over the course of more than two decades with ESPN, anchor Scott Van Pelt has endeared himself to viewers by commentating on the iconic 18th hole at the US Masters golf tournament and delivering breaking...
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
...Concerns over the debt ceiling could also be contributing to bank stock declines, said Casey Haire, equity analyst at Jefferies. “That messes with the [Treasury] yield curve,” he added....
...Jefferies and Berenberg have assigned a base case value to Burford’s share of $3bn, or $13.70 per share....
...Chief executive Jamie Dimon is not just the longest serving big bank leader but is also seen as a master at integrating acquisitions....
...At Jefferies, the boutique investment bank, chief executive Rich Handler and president Brian Friedman were blunt in a recent memo to staff: “This is going to be a more difficult compensation season at Jefferies...
...It is basic maths that increasingly gnaws at the masters of the universe....
...“This is a mixed blessing for asset managers because you’re going to see flows come out of other higher-margin asset classes to lower-margin fixed income,” said Tom Mills, who analyses the sector for Jefferies...
...Michael Mylonas, Jefferies’ head of consumer, food and beverage investment banking in Europe, the Middle East and Africa, is leaving the investment bank, per Financial News....
...Additional reporting by Brooke Masters...
...Master of Finance graduate, Frankfurt School of Finance & Management. Banking analyst, Jefferies, Germany Why did you choose Frankfurt?...
...Houlihan Lokey has hired former Jefferies vice-chair Alec Ellison as global head of fintech and chief innovation officer of corporate finance in New York....
...“For many reasons, we see this combination as highly unlikely, based on capital levels, State Street’s pending BBH deal and Credit Suisse’s plethora of ongoing legal/business challenges,” said Jefferies...
...Her tutors there were Jeffery Camp, Frank Auerbach (“good teachers, both”) and Thomas Monnington, later president of the Royal Academy, who she feels was more interested in Matthew’s work....
...Yet Citrin Cuperman, His Master’s Voice when it comes to valuing music assets, thinks otherwise....
...The looming descent of the Masters of the Universe upon Iowa might sound incongruous, but it would not be an anomaly....
International Edition