Remove 2008 Remove Debt Remove Underwriting
article thumbnail

How the Growth of Private Credit is Impacting Private Equity

OfficeHours

The growth of private credit can be traced back to the Great Financial Crisis of 2008-2009. Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. This capital is released once investors buy the debt off the banks’ balance sheets.

article thumbnail

Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

article thumbnail

How do Banks Make Money? Explanation, Examples

Peak Frameworks

Morgan, which offer services in underwriting and M&A advisory. Goldman Sachs was one of the lead underwriters and earned considerable fees and reputation points for facilitating one of the largest tech IPOs ever. Dodd-Frank Wall Street Reform and Consumer Protection Act: Introduced after the 2008 crisis, this U.S.

Banking 52