Hints and tips:
...Credit Suisse, UBS, Deutsche Bank, Santander and Jefferies declined to comment....
...of influential bankers and investors found their feet at the business, from Bruce Wasserstein and Joseph Perella, who went on to form their own boutique firm, to Richard Handler, now chief executive of Jefferies...
...Throughout the 1980s, the business was a leader in mergers and acquisitions and employed the likes of Larry Fink, who went on to lead BlackRock, and Richard Handler, the future chief executive of Jefferies...
...However, it will also have equity and debt underwriting capacity and its own balance sheet, making it more akin to a bank like Jefferies....
...Jefferies analyst Flora Bocahut said she was “negatively surprised by [the] lack of revenue growth, increased capital target, payout and [return on tangible equity] cut, and by the lack of details”....
...extremely low profitability linked to extremely low rates, banks now have a chance to recover some of their profitability levels from before the global financial crisis,” said Marco Nicolai, an analyst at Jefferies...
...Jefferies has named Philippe Drouin as its Emea head of consumer food and beverage. He was previously UBS chair of global consumer and retail....
...commercial real estate than their US peers, representing about 8 per cent of the loan books at European lenders, compared with 18 per cent at US banks and 36 per cent for mid-cap US lenders, according to Jefferies...
...Management’s disciplined approach to date provides comfort,” said Jefferies analyst Benjie Creelan-Sandford....
...Bronwyn Owen, the group’s head of investor relations, is relocating from New York to run the office....
...Analysts at Jefferies said the deal seemed “inexpensive” and a “good use of capital”. Man Group is the world’s largest listed hedge fund group with $145bn in AUM....
...“The drop in [European] gas prices has suddenly eased fears about any recessions to come,” said Jefferies analyst Flora Bocahut....
...Additional reporting by Owen Walker and George Steer in London...
...Owen Meredith, chief executive of the News Media Association trade body, said it was “absolutely right” that the government was planning to scrap the law....
...Owen Bennett, an analyst at Jefferies, said the announcement was positive....
...Flora Bocahut, an analyst at Jefferies, said the deal made strategic sense for SocGen, especially in light of Mifid II....
...“Third-quarter results are slightly better than expected, but continue to show a difficult environment for UBS, with pressure on revenues,” said Jefferies analyst Flora Bocahut....
...to date and better alternatives to use this $1.4bn of capital, we think it’ll be positively received by investors, though the lack of clarity around the reason for this cancellation is unhelpful,” said Jefferies...
...UBS, Barclays and Deutsche Bank have all resumed allowing clients to sell their Russian debt holdings, in line with similar moves from JPMorgan Chase, Bank of America, Jefferies and Citigroup, according...
...“We knew that recurring fees and transaction-based revenues would decline, but they did more than expected,” said Jefferies analyst Flora Bocahut....
...“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...
...JPMorgan Chase, UBS, Julius Baer, Jefferies and Cantor Fitzgerald have all made use of the software in recent years....
...Jefferies and Credit Suisse have reassured their Spac clients that they will continue to work on new deals, according to people familiar with the matter....
...Flora Bocahut, an analyst at Jefferies, said while the overall quarterly loss was expected following the profits warning last week, “the detailed release today is another negative surprise”....
...continues to be hit by company-specific one-offs, in particular litigation risk, and [this] points, we think, to further downside risk to consensus earnings forecasts,” said Flora Bocahut, an analyst at Jefferies...
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