Hints and tips:
...Citigroup has been in a far worse position after divesting Smith Barney near the market bottom....
...SMITH BARNEY: Smith Barney. They make money the old fashioned way....
...But his eponymous company is now embroiled in a corporate fiasco unfolding on London’s junior stock market, involving a supplier of red carpets to the royal family, DD’s Rob Smith reports....
...Reporting by Robert Smith, Sarah White, Arash Massoudi, Leila Abboud, Adrienne Klasa, Barney Jopson and Ivan Levingston....
...Morgan Stanley inherited from Smith Barney....
...The trading scandal that shook Japan Inc When Japan’s financial regulators raided the offices of the country’s third-largest broker SMBC Nikko last year in a probe into alleged market manipulation, they...
...The most dramatic of those steps came on Monday as AT&T announced plans to spin off its WarnerMedia division, the entertainment business that houses brands such as CNN, Warner Bros and HBO, and combine it...
...Ian Smith....
...Citigroup appointed its corporate broking head Andrew Seaton to chair its UK capital markets and advisory arm. It also named James Fleming and Jan Skarbek as co-heads of the division....
...Nevertheless, Fraser has kept high spirits through some of Citi’s most challenging jobs — heading strategy as it emerged from the financial crisis, reshaping its private bank after the Smith Barney deal...
...The 62-year-old Australian has a history of crisis-time acquisitions, having wrested control of brokerage Smith Barney from Citigroup in the aftermath of the financial crisis in 2008....
...He joins from the Dubai office of Herbert Smith Freehill where he worked as a senior associate....
...Herbert Smith Freehills has hired Michael Jacobs from Allen & Overy to join its London-based global corporate team as partner....
...She helped steer the bank out of the financial crisis, reshaped its private bank after the 2012 sale of US brokerage Smith Barney, and led its mortgage business through the dark days of 2013 to 2015....
...In the fight for lucrative advisory fees, telling tales on the competition can’t hurt, can it? Check out the full report from the FT’s Matthew Vincent and Samuel Agini....
...The drop in fees wasn’t for lack of blockbuster deals....
...The business model has evolved significantly. He recalls how the US-centric product-pushing mindset was overhauled in 2009 after the post-crisis sale of the Smith Barney brokerage to Morgan Stanley....
...“Is it [the] business model, execution or both? It can’t be the market not understanding all these years,” says one former senior Citi executive of the valuation gap....
...Barney & Co; 1964-81 various roles in economics department, Princeton, including director of financial research centre, professor and chairman; 1975-77 member of the Council of Economic Advisers to the...
...The deal on Monday also looks like it will be much easier to digest than Morgan Stanley’s last major acquisition: the $13.5bn buyout of Citigroup’s Smith Barney wealth management unit....
...Nicholls was previously a managing director and global head of the financial institutions group at Citigroup. Lewis is retiring after three decades at the company....
...For the six global banks on the deal, most of the fee action is expected to come from the capital markets activity that will be announced in the coming weeks to finance the transaction....
..., Citigroup and Bank of America for a few years now....
...He was most recently with Citigroup. Anthony Civale and Martin Kelly have been promoted to co-chief operating officers of Apollo Global Management....
...Potential successors include Ms Lake, Mr Smith, who runs JPMorgan’s biggest division, and Mr Pinto, the Argentine head of the world’s biggest investment bank....
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