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...Its de facto central bank, the Hong Kong Monetary Authority, this month hosted a finance conference attended by 300 senior financiers from global companies, including Goldman Sachs’s David Solomon and Morgan...
...The group, launched in 2009 by former Goldman Sachs banker Joe Ravitch and Morgan Stanley and former UBS banker Jeff Sine, is set to make $65.5mn from the deal, with the vast majority of the fees due once...
...Morgan Stanley declined to comment....
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...The other businesses included Nuveen Securities and Fifth Third Securities. Nuveen and Baird said they were pleased to have resolved the matter....
...Job moves Disney has appointed outgoing Morgan Stanley chief executive James Gorman and former Sky chief executive Jeremy Darroch to its board of directors....
...The more widely-known Citadel Securities reportedly generated revenues of about $7.5bn in 2022, and $4.5bn in the nine months through September 2023. Wot losers....
...Smart reads Tough act to follow Morgan Stanley’s soon-to-be chief Ted Pick faces a challenge most Wall Street CEOs would envy, the FT’s Brooke Masters writes: keeping up the winning streak....
...Extended — and paid — paternity leave has become a focus for big employers, such as Morgan Stanley, the bank, and law firm Allen & Overy, among others....
...“JP Morgan mentioned on our exclusive call last week they believe conservatively the value [is] around $12B,” he said....
...In the mid-1990s, when Sine was a banker at Morgan Stanley, he advised Son on his $2bn acquisition of the computer and technology magazine publisher Ziff Davis....
...broker faces insider-trading probe tied to Morgan Stanley deals (Wall Street Journal) PE firm Arcline tops KKR’s offer for Circor as bidding war intensifies (Reuters) Morgan Stanley-backed Durango to...
...Those shareholders value Goldman shares at 1.1 times its book value while JP Morgan’s trade at 1.6 times. As markets stabilise and recover, deal fees and investment profits will rise once again....
...They can still underwrite debt and equity securities — as the markets permit — but must move the securities off their balance sheets as quickly as possible....
...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....
...amendments to Australia’s Security of Critical Infrastructure Act....
...The Securities and Exchange Commission said on Tuesday that it was looking into the problem....
...Morgan Stanley led a $1bn credit facility for Blackstone’s $4.6bn acquisition of Cvent, which is majority owned by Vista Equity Partners....
...The company frequently tops corporate “most admired” lists, while you’d be hard pressed to find a bank (with the possible exception of JP Morgan) that does the same....
...The Glass-Steagall Act of the early 1930s forced financial institutions to split their commercial banking and securities businesses....
...“If the yields are at about 1 per cent, Japanese banks are safe but if that goes to 1.5 or 2 per cent, there will be more smaller banks that will have problems with capital,” JP Morgan’s Nishihara said....
...Later the firm would move into investment banking with the star adviser to top executives, Alan Schwartz, leading its Guggenheim Securities business....
...Documents circulated to lenders underscored Citadel Securities’ dominance in US financial markets....
...As a collection of securities tracking an index, an ETF is cheaper for a manager to run than an old-school, hands-on vehicle....
...The investment banking and securities trading businesses just harvest the frictional costs of transactions between third parties....
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