Hints and tips:
...I am not willing to still pay the same multiple,’” said Todd Miller, global co-head of private capital advisory at Jefferies, referring to a company’s price in relation to its earnings....
...“It’s primarily a bet on our ability to win market share,” said Brian Friedman, president of Jefferies....
...But JPMorgan stole a march on rivals with its purchase of First Republic after the collapse of the California-based lender, hearkening back to the period when the bank scooped up firms such as Bear Stearns...
...JPMorgan bought Bear Stearns cheaply for $1.2bn during the financial crisis of 2008....
...The 2012 London Whale trading scandal cost $6bn and the bank is being sued over its work for convicted sex offender Jeffery Epstein....
...Jefferies Financial Group is slimming down....
...The bank whisperer who cleaned up SVB and Signature During Thanksgiving 2008, Todd Snyder, a star Wall Street investment banker and avid cook, got a call while he was preparing a turkey dinner....
...The company also bought a $13mn stake in investment bank Jefferies and purchased $300mn worth of building materials maker Louisiana-Pacific....
...(UPDATE: Todd Rosenbluth at VettaFi points out that Capital’s overall ETF assets now stand at $5.2bn. The previous figure was from an earlier press release)....
...Todd Leland has been named president of Goldman Sachs International, reporting to the unit’s chief executive Richard Gnodde....
...Blakemore, Walsall Polymath 1,024: Linda Parry, Cheshire Crossword 16,176: John Edwards, Llanon; R Gill, March; Brian Smith, Ayrshire Polymath 1,023: Peter Tarleton, Ireland Crossword 16170: Chris Todd-Davies...
...He has previously worked in the restructuring groups at Rothschild and Jefferies....
...“Big banks’ mortgage businesses are a lot smaller than they used to be,” said Jeffery Harte of Sandler O’Neill....
...“Bear Stearns wanted to be Lehman Brothers; Lehman wanted to be Goldman Sachs. At Jefferies we just want to be the best Jefferies we can be.”...
...Most of Cross River’s growth since it was founded a decade ago by Gilles Gade (pictured below) a former Bear Stearns and Barclays banker, has come from serving online lenders: charging between 20 and 25...
...Analysts at Jefferies said in a note to clients that expenses such as marketing spending and programming cost were “higher relative to our expectations”....
...This is what Schwartz, who joined Guggenheim in 2009 from Bear Stearns after its takeover by JPMorgan Chase, told the FT at the start of a nearly four-hour interview at the FT’s office in New York: “I’m...
...In late June 2007 Bear Stearns was battling to save a stricken bond fund, marking a key moment in the gathering storm of the financial crisis....
...The questions come two years after Guggenheim paid the SEC $20m to resolve claims it had breached its fiduciary duty by failing to disclose that then-executive Todd Boehly took a $50m loan from Michael Milken...
...Bear Stearns, Lehman Brothers and Merrill Lynch collapsed during the financial crisis. Survivors Morgan Stanley and Goldman Sachs converted to deposit-taking bank holding companies....
...BNY's efforts to trim expenses showed “very good progress” in the period, said Ken Usdin, analyst at Jefferies in New York....
...Ken Usdin, analyst at Jefferies in New York, on Thursday described BNY’s fourth-quarter cost control as “strong”, surpassing his estimates across most categories....
...James Hyde, 43, Hamish Maclellan, 43, and Phillip Jenkins, 50, all worked for US investment bank Bear Stearns, before moving to Jefferies, where each earned more than £1m a year in 2009-10....
...Jefferies analyst Ken Usdin saluted the group’s “good expense result”, but cautioned that margins could tick up again in the fourth quarter from the addition of new clients and other investments....
...Goldman’s game plan is to capitalise on the capitulation of rivals, and there has been plenty of capitulation already — with the demise of Lehman Brothers, Bear Stearns and Merrill Lynch and the retreat...
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