The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket 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.

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

The TRADE

JULY 3, 2023

Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all asset managers having to pay for research in cash only. This is another stage of regulatory confusion and misalignment between regions,” said Mike Carrodus, chief executive of Substantive Research, speaking exclusively to The TRADE.

Bulge Bracket 52

Bulge Bracket Asset Management Broker Trading 52

Mergers and Inquisitions

MARCH 27, 2024

All the bulge bracket 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.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Wall Street Mojo

FEBRUARY 9, 2024

When listed as publicly traded companies, they mostly become small-cap and micro-cap stocks trading on the exchange. You may also find some useful articles here – Top 10 Middle Market Investment Banks List Bulge Bracket Top 10 Bulge Bracket Investment Banks

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

The TRADE

OCTOBER 18, 2024

“Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. They are now trading in all these other asset classes. billion in 2023.

Funds 69

Funds Broker Bank Banking 69

Mergers and Inquisitions

OCTOBER 18, 2023

Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.” On the other hand, I do not recommend capital markets over something like a private equity mega-fund offer , even if the capital markets offer is at a bulge bracket.

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

How2Exit

MAY 23, 2023

He then worked for what are called bulge bracket investment banks, mostly in the capital market space. This allows investors to access and trade private securities, giving them the opportunity to unlock the liquidity of their investments. After four years, in 1990, the economy was slow and the deal flow was slow.

Capital 130

Capital Investors Business Investment 130

Mergers and Inquisitions

JANUARY 10, 2024

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. As with the job itself, the theme is breadth over depth.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

MARCH 22, 2023

per share when it was trading above $8.00 First, Credit Suisse is obviously no longer a bulge bracket bank , so I’ll have to update that article. I made the same mistake the regulators did: ignoring shifts in the Credit Suisse deposit and cash base because its regulatory capital ratios looked “fine.” a year ago?

Bank 98

Bank Banking Government Investment Banking 98

Mergers and Inquisitions

FEBRUARY 28, 2024

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? Also, it can be quantitative or fundamental – or both! –

Equities 59

Equities Asset Management Debt Recruitment 59

Mergers and Inquisitions

APRIL 5, 2023

Trade Surpluses – Some countries, like Singapore, are not rich in commodities but serve as trade hubs and generate significant revenue from these activities. You can get into good business schools in the U.S.

Recruitment 59

Recruitment Funds Private Equity Investment 59

The TRADE

OCTOBER 24, 2024

Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.

Trading 120

Trading Investors IT S&P 120

Mergers and Inquisitions

SEPTEMBER 11, 2024

Despite what renewable cheerleaders often claim, the entire industry is very dependent on government subsidies, tax incentives, regulation, and even monetary/fiscal/trade policy. . – MPL Buy-In Transaction (BofA and Evercore) BofA – Discussion Materials and Valuation Fairness Opinion (pg.

Investment Banking 59

Investment Banking Bank Banking Investment 59

Mergers and Inquisitions

DECEMBER 4, 2024

However, one common point across all the verticals is that IPOs are not common because there aren’t that many publicly traded sports teams, stadiums, or arenas. A few smaller European football clubs also happen to be publicly traded (Ajax, Celtic, etc.). BofA is also strong, and you’ll see Citi, DB, and MS on many deals as well.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

JANUARY 22, 2025

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.

Investment Banking 64

Investment Banking Equities Bank Banking 64

The Deal

AUGUST 15, 2023

” 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 And maybe in roughly that order of probability.”

S&P 52

S&P Bulge Bracket Entertainment Mergers and Acquisitions 52

Mergers and Inquisitions

JUNE 5, 2024

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.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

SEPTEMBER 6, 2023

This filing isn’t required for small deals, such as $20 million acqui-hires , but it’s part of the process for almost all M&A deals that bulge bracket and elite boutique banks advise on. Up until now, the HSR filing has mostly been a formality.

Private Equity 105

Private Equity Equities Finance Finance 105

Cooley M&A

FEBRUARY 1, 2024

As a result, private debt providers and the syndicated market increasingly are competing on pricing and covenant packages to win new acquisition financing mandates, and many bulge bracket banks are sponsoring their own private debt funds. Still, average leverage levels in sponsor buyouts declined from 7.1x in 2022 to 5.9x

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59