Hints and tips:
...THE GREAT NORMALISATION, says Julius Baer. PwC is suffering from an acute case of “cautious optimism” - the only kind of emotion a consultancy is capable of....
...Job moves Julius Baer’s chief executive Philipp Rickenbacher is leaving the Swiss bank as it prepares to write off $700mn in loans to crisis-hit Austrian property group Signa....
...Musk has the resources to buy back billions in debt stuck with underwriters led by Morgan Stanley. They might take 50 cents on the dollar to be shot of it....
...Fellow Swiss wealth manager Julius Baer, which has a strong business in Asia, is expected to be a beneficiary: its shares have jumped 13 per cent this week....
...“It is fair to say UBS is underperforming US peers so far both on the investment bank side as well as Morgan Stanley in US wealth management performance,” said JPMorgan analyst Kian Abouhossein....
...Yet as competition heats up, with international peers such as Morgan Stanley, JPMorgan and Bank of America also intent on looking after the assets of the world’s ultra-rich, Swiss banks are being hamstrung...
...Athenahealth to be sold for $17bn in private equity deal (FT) Telenor and CP plan biggest Thai telecoms group via $8.6bn merger (FT) Authentic Brands raises $3.5bn, pushes back IPO (Wall Street Journal) Julius Baer...
...Baer is an investor....
...Bankers — with Goldman Sachs and Morgan Stanley at the top of the league tables — clocked a record $460m advising Chinese companies on their New York IPOs in the first half of 2021....
...James Lord, emerging market strategist at Morgan Stanley said the bank had turned neutral on these previously much-liked currencies....
...Nomura also bought a 40 per cent stake in Julius Baer’s Japanese subsidiary in September, while Mizuho and Perella Weinberg started collaborating on cross-border M&A deals involving Japanese companies in...
...China International Capital Corp joins Citigroup, JPMorgan Chase, and Morgan Stanley on the Hong Kong share offer, with Credit Suisse acting as joint global co-ordinator....
...“It will further accelerate the demise of traditional active management,” says Yves Bonzon, chief investment officer at Julius Baer, a Swiss private bank....
...Fortress Investment Group, which is controlled by SoftBank, and Chatham Asset Management, the firm run by former Goldman Sachs and Morgan Stanley banker Anthony Melchiorre, are challenging Alden for a spot...
...Shares in Tesla fell 21 per cent, its worst trading day ever, with more than $82bn wiped from the electric carmaker’s market valuation, roughly the value of Morgan Stanley or Caterpillar....
...Catching up with Morgan Stanley’s former key man Colm Kelleher eschewed personal interviews for his 30 years at Morgan Stanley....
...HSBC, Morgan Stanley of the US and Swiss-based Julius Baer complete the top five....
...Morgan Stanley’s ETrade buy is a further indication that American consumers are in high demand. ETrade will bring 5.2m clients to Morgan Stanley with $360bn in assets....
...Colefax cut to “hold” at Peel Hunt; DSV cut to “hold” at Stifel; Engie raised to “buy” at Deutsche Bank; HelloFresh rated new “outperform” at Macquarie; Hugo Boss raised to “buy” at Kepler Cheuvreux; Julius Baer...
...We reiterate our preference for banks where we see operational resilience: Santander, Lloyds, KBC, Credit Suisse and Julius Baer....
...; Julius Baer upgraded to “outperform” at RBC; Kemira cut to “hold” at Danske Bank; Nanoco downgraded to “hold” at Jefferies; Natixis cut to “neutral” at JPMorgan; Melrose rated new “buy” at Citigroup; Partners...
...not change the SAP story — but we would rather see evidence that SAP needs to continue investing — and to retain some flexibility to do strategic acquisitions — over the coming quarters / years.”Morgan Stanley...
...UBS now trades at a 20 per cent discount to the book value of its assets, compared to a 50 per cent premium at smaller Swiss rival Julius Baer, which does not court multi-billionaire clients as aggressively...
...“There’s been a pretty dramatic shift in both the circumstances and mindset in roughly the last three to four years,” pointed out Baer Pettit, president of MSCI....
...Morgan Stanley thinks that, with help, the big airlines can get through this: Travel bans have increased during the past few days, likely leading to an 80-90% demand decline....
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