Hints and tips:
...Last week it took part in a $3.84bn debt sale tied to the buyout of software group Citrix, picking up the junior bonds at a deeply discounted price when lenders led by Goldman Sachs and Bank of America raced...
...The lenders are increasingly confident they can edge out investment banks including JPMorgan Chase and Goldman Sachs in a deal to fund Carlyle’s acquisition of a 50 per cent stake in healthcare analytics...
...That deal became one of the high-profile takeovers that banks struggled to finance last year....
...Big lenders such as Barclays and Bank of America have been stuck holding loans that they initially intended to sell....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...A Capital One acquisition of Discover is likely to be examined carefully by US antitrust regulators given the large size of the two companies’ credit card businesses....
...which is owned by MassMutual, one of America’s biggest life insurers....
...Amazon is investing $115mn in exchange for a minority stake in the television networks that screen some of America’s biggest sports....
...Indeed, Millennium, which has about 300 trading teams, has come to more closely resemble the markets division of a global bank....
...Craig Coben is a former global head of equity capital markets at Bank of America and now a managing director at Seda Experts, an expert witness firm specialising in financial services....
...At Goldman Sachs, Brian Haufrect, co-head of M&A in the Americas, is a seasoned adviser to energy groups including Occidental Petroleum, ConocoPhillips and Shell....
...Barclays has named Ricardo Fernandez as head of investment banking for Mexico. He joins from Bank of America, where he held the same role since 2017....
...The Chinese property sector has emerged as the biggest threat to the stability of the global economy, fuelling a “dramatic shift” out of emerging market stocks and into the US, according to Bank of America...
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Smart reads Somebody’s watching A private investigator spied on the boss of one of America’s biggest power companies, sparking an internal investigation into whether it was commissioned by a fellow executive...
...But a bitter legal battle between the pair and David Handler, who joined the New York-based boutique investment bank in 2008 as one of its first partners, has shown a rare rupture inside a firm best known...
...A structural tailwind for Vietnam as a destination for foreign direct investment remains, said Mohamed Faiz Nagutha, south-east Asia economist at Bank of America Securities....
...It is in the process of responding to a second request review on a separate buyout of cyber security company ForgeRock after a flurry of acquisitions in the sector....
...As one supply-chain finance specialist put it to FTAV: “You’re really putting your supplier in the role of a bank”. And this does not necessarily mean that banks are not involved at all....
...Rowan came to this realisation after a recent overseas tour, where he met the CEO of one of the largest European banks. “I had never met him before,” Rowan told the Economic Club of New York on June 6....
...Smart reads Hindsight hurts Former Bank of America executive Craig Coben examines how Goldman Sachs fumbled SVB’s $2.25bn equity sale in an Alphaville post....
...If you take a random name appearing in the middle ranks of Forbes’ list of “America’s Top Wealth Advisors”, and Google them, you’ll often find that they have a little subsite like this one for their team...
...Soon after, Centerview hired a trio of Bank of America technology bankers to lead the Palo Alto office....
...banking and head of the Americas, has just inked the deal of a lifetime....
...one of the biggest hung deals of 2022....
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