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I never expected to revisit the topic of bulgebracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “BulgeBracket Bank”? The name “bulgebracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.
Sports Investment Banking Definition: In sports IB, bankers advise on equity and debt issuances, mergers, acquisitions, and restructuring deals for sports teams and leagues, sports-adjacent technology and services firms, and facilities such as arenas, stadiums, and racetracks. What is Sports Investment Banking?
Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank. Therefore, equity research generated revenue indirectly via trading commissions , but it was still considered a front-office role due to the compensation, interaction with managers and investors, and exit opportunities.
You’ll learn about the trade-offs of Singapore and other locations in this article. You can see a breakout of deals by specific country below, based on the same sources (ION Analytics, Dealogic, and Merger Market ): None of this means that Singapore is “bad.” appeared first on Mergers & Inquisitions.
based bulgebrackets (GS, MS, JPM, Citi, and BofA) are the strongest international banks, and Avendus, Kotak, JM Financial, ICICI, and Axis are the strongest domestic firms. Financials are usually in the #1 spot because banks and insurance firms constantly issue debt; other sectors trade places in the rankings.
That is something that the mid and smaller brokers can access relative to the bulgebracket who don’t really see that as an important USP for the business right now. It is about creating a much bigger situation when you trade those names. Retail trading remains highly topical. The path of travel is very clear.
All the bulgebracket banks in the U.K. Outside of IB, various asset managers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here. The rates trading article has some tips for S&T assessment centers and interviews.
.” Microsoft scored a win on July 11, when a federal court in California denied the Federal Trade Commission’s request for a preliminary injunction — essentially allowing the deal parties to proceed. Bulge-bracket deal expectations may also be a factor. “I Wildcards remain, however.
Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.” So, prepare for the usual categories , but shift some of your time away from merger and LBO models and learn about IPOs and convertibles for ECM or bond math for DCM.
per share when it was trading above $8.00 First, Credit Suisse is obviously no longer a bulgebracket bank , so I’ll have to update that article. appeared first on Mergers & Inquisitions. ” So, what happened? Why did UBS just acquire CS for less than $1.00 a year ago? Is the financial system going bust?
For example, they might ask you how to use a DCF, what bond yields are, or the trade-offs of debt vs. equity – but but they won’t ask you to build a DCF model or calculate Unlevered Free Cash Flow. The post Wealth Management vs. Investment Banking: Career Deathmatch appeared first on Mergers & Inquisitions.
We cover many of the trade-offs in the earlier wealth management vs. investment banking article , but in short: Investment banking has better exit opportunities at all levels. People sometimes claim that sales & trading or equity research to investment banking are difficult, but they’re much easier than moving in from wealth management.
While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. see the fixed income trading article for the full list ). What if there’s a recession or a slowdown in global trade? appeared first on Mergers & Inquisitions.
Trade Surpluses – Some countries, like Singapore, are not rich in commodities but serve as trade hubs and generate significant revenue from these activities. The post Sovereign Wealth Funds: The Full Guide to the Industry, Recruiting, Careers, and Exits appeared first on Mergers & Inquisitions.
Renewable Energy Investment Banking Definition: In renewable energy investment banking, bankers advise companies in the solar, wind, biofuel, storage, battery, smart grid, electric vehicle, hydrogen, hydroelectric, and carbon capture verticals on equity and debt issuances, asset deals, and mergers and acquisitions.
the Hart-Scott-Rodino (HSR) Act requires firms that complete a merger to report the deal to the government, assuming they have revenue or assets above certain thresholds. The post Private Equity Regulation: 2023 Changes and Impact on Finance Careers appeared first on Mergers & Inquisitions. In the U.S.,
2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] in 2022 to 5.9x
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