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...“Banking is about trust and confidence. That’s sacrosanct and starts with the tone from the top.”...
...The smaller, so-called independent firms tend to dominate in restructuring advice because they are not subject to the same conflicts of interest as the big banks, which also buy and sell corporate debt instruments...
...But in a surprise move on Monday, Citigroup announced Raghavan was joining it as the new head of banking, where he’ll oversee investment banking as well as Citi’s corporate and commercial banking operations...
...UBS has rehired Ian Hart as co-chair of UK global banking and a member of its executive client group. He returns after acting as director-general of The Takeover Panel during a three-year secondment....
...As part of the changes, Dorothee Blessing and Jay Horine will become global co-heads of investment banking coverage, Kevin Foley will become global head of capital markets and Anu Aiyengar will be global...
...Separately, Bank of America has named Simon Ives as chair of Emea corporate and investment banking. He was previously chair of Emea healthcare investment banking....
...Job moves Goldman Sachs co-head of European investment banking Gonzalo Garcia has left the bank, according to a memo....
...His real name is Hank Medina, a Miami native who climbed the ranks of banking by moving from CIT to Jefferies. After a brief stint on the buy side, he returned to banking at Deutsche Bank....
...One scoop to start: Permira has selected Bank of America, JPMorgan and Mediobanca as joint global co-ordinators for the forthcoming market listing of the private equity group’s Italian luxury sports shoe...
...become corporate lawyers care much about merger subsidiary structures....
...The bank lost $911mn from the implosion of Archegos and still faces probes by US regulators and federal prosecutors over its handling of block trades....
...Bobby Jain, who was hired in 2016 as Englander’s first co-chief investment officer, was regarded by many, internally and externally, as the frontrunner (though an insider disputed this)....
...UBS co-head of investment banking Ros L’Esperance will lead a new so-called executive client group of top dealmakers targeting high-profile clients, Financial News reports....
...Once-high flying institutions such as Credit Suisse, First Republic and Silicon Valley Bank crumbled and a drought of deals has caused mass investment banking lay-offs....
...Two things to start: WeWork has filed for bankruptcy, a humbling fall for the once high-flying co-working start-up co-founded by Adam Neumann and backed by billions of dollars from Japan’s SoftBank....
...In what was perhaps his most pressing take, he warned of a brewing commercial property crisis as prices fall in the wake of the recent banking crisis and US banks find themselves “full of” what he said were...
...Citigroup has promoted Linos Lekkas and Patrick Frowein as co-heads of its banking, capital markets and advisory unit for continental Europe....
..., who are represented by agency Glas Trust, in a July filing in Miami....
...Private equity firms such as KKR and Bain have long viewed Japan as rich in targets....
...places taken by mainland firms and citizens....
...Takashi Murata, Goldman’s co-head of Asia Pacific private investing, is also departing to join Warburg Pincus as co-head of Asia real estate....
...SVB was the latest acquisition by the small town lender founded in North Carolina in 1898 as the Bank of Smithfield, which was renamed First Citizens and has scooped more than a dozen failed lenders over...
...Deutsche Bank’s most senior retail banker and deputy chief executive Karl von Rohr is leaving in October. Bank of America plans to cut as many as 4,000 jobs before the end of June....
...A poll taken shortly after the takeover was agreed in March showed three-quarters of Swiss citizens opposed the merger. Read the full story....
...For his part, Wynaendts maintains that he is deliberately keeping a low public profile, even as he reshapes the bank. “We still need to regain the trust and confidence,” he told the FT....
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