Hints and tips:
...Citi ranked fourth among global banks with a 16 per cent share of the overall M&A advisory business in 2022, behind Goldman Sachs, JPMorgan and Morgan Stanley, figures from Refinitiv show....
...Zoom out beyond Morgan Stanley and Citi and their moves hint at broader pressures....
...Strong deals in Europe have added to the mood, with listings for the likes of German defence contractor Renk and Athens International Airport rising after their market debuts....
...The strategist and professor Michael Mauboussin, of Morgan Stanley Investment Management, has a new paper tracing increasing returns to five separate causes: economies of scale; international trade; learning...
...“Over the next 24 months we really do need to see the development of the Vision Pro app ecosystem,” Morgan Stanley’s Woodring said....
...Niel’s pursuit of a deal in Italy comes as competitor Vodafone is facing a “panoply of problems in its international portfolio”, according to our colleagues at Lex....
...They join from Morgan Stanley and Citi, respectively. Coatue Management managing director Aaron Weiner is leaving the group to start a new hedge fund, Bloomberg reports....
...Lawrence Ho, whose father Stanley held a monopoly on gambling in Macau for decades, took over Melco International in 2001 after a career in investment banking....
...“There’s a desire from some limited partners [investors in private equity funds] to reduce exposure to China,” said Dieter Turowski, chair of Morgan Stanley’s Asia-Pacific investment banking operation....
...During the past 18 months, it has wound down more than a dozen international retail banking operations, including in China. In October, Citi sold its Chinese consumer wealth business to HSBC....
...Morgan Stanley analysts were less concerned about the hit to the sector....
...The sum of buybacks and dividends in Japan is running at close to an all time annualised high of ¥25tn, according to Morgan Stanley....
...Morgan Stanley’s profits fell, while JPMorgan and UBS were the only foreign banks whose profits rose....
...Hinge is performing better, particularly in Europe: “We continue to see Hinge’s international expansion as the most undervalued story in online dating,” says Morgan Stanley....
...The disappearance of Bao, a former Morgan Stanley and Credit Suisse banker who dealt with China’s rising technology stars, hurt sentiment in a sector that has suffered a prolonged crackdown by the authorities...
...Job moves PwC has picked the head of its international advisory business, Mohamed Kande, as its next chair....
...Chinese property completions in the first six months of the year are higher than the first half of 2019, says Morgan Stanley....
...At the end of last year, just over half of the Wharf’s tenants were financial institutions, including JPMorgan Chase, Morgan Stanley and Credit Suisse....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Early triumphs Drahi’s first significant encounter with international bond investors almost a decade ago came at a moment of triumph....
...According to Morgan Stanley estimates, Netflix could potentially convert 20-30 per cent of those to paying members....
...The International Capital Market Association has named RBC Capital Markets executive Janet Wilkinson as chair and Crédit Agricole executive Jean-Luc Lamarque as deputy....
...Hedge fund Verition Fund Management has hired former Morgan Stanley executive Saad Mahmood to lead its new outpost in Dubai, per Reuters....
...Letter in response to this article: Overseas M&A forms backbone of Japan Inc / From Kiminori Yamaguchi, Tokyo, Japan...
...To compete better with Morgan Stanley and JPMorgan Chase, Goldman would benefit from having access to the cheap capital that more deposits provide....
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