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Japan Raises Interest Rates to Highest Level Since 2008

The New York Times: Banking

After a long period of stagnation, the return of inflation and wage growth is giving the Bank of Japan room to raise interest rates.

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FDIC Proposes Limitations on Use of Non-Competes

JD Supra: Mergers

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) issued its proposed Statement of Policy on Bank Merger Transactions (the “Proposal”) for public comment.

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The Collapse of Silicon Valley Bank: The Start of Great Financial Crisis 2.0?

Mergers and Inquisitions

In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Silicon Valley Bank did not “fail” in 24 hours.

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Credit Suisse: Bank of England won’t object to takeover as UBS considers $1bn bid

The Guardian: Mergers & Acquisitions

Banks race to finish takeover to calm fears of new global financial crisis Millions paid in bonuses to UK SVB staff days after £1 rescue Bank runs, bailouts, rescues: are the ghosts of 2008 rising again? Continue reading.

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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Investment Banking in Dubai: The New York of the Middle East?

Mergers and Inquisitions

Investment banking in Dubai stands out for attracting remarkable hype on social media. Specifically, should you aim for entry-level investment banking roles in Dubai rather than London, New York, or other financial centers? Investment Banking in Dubai: The Top Banks The usual U.S. are much less active.

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Euro at highest to yen since 2008, markets nervy over Toyko stepping in

Global Banking & Finance

Euro at highest to yen since 2008, markets nervy over Toyko stepping in By Brigid Riley and Alun John TOKYO/LONDON (Reuters) -The yen hit multi-year lows against the dollar and the euro on Tuesday, keeping investors on heightened intervention watch ahead of this week’s Bank of Japan meeting, while dovish policy maker comments left sterling […] (..)