Top Section/Ad
Top Section/Ad
Most recent
Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds
Bank M&A is back on the agenda, but talk of SMBC buying Jefferies is premature. The two firms are prioritising their multi-stranded alliance and a takeover now would jeopardise it
I don’t need to work, but I’m tempted to go back
Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions
More articles/Ad
More articles/Ad
More articles
-
At around 7.30am the other morning, I cast a casual glance around the trading floor and noted with a mixture of wonder and alarm that possibly a quarter of those present were dressed in sports attire. There was more than a handful of hi-vis cycling jackets, an awful lot of lycra — sometimes bulging where it should and sometimes where it should not — and some dazzling, rainbow-hued footwear.
-
Russia’s efforts to expand its capital markets and privatise state-owned companies could be benefit from a deal announced on Thursday evening to bring BlackRock, Goldman Sachs’ special situations group and Templeton Asset Management into a pre-IPO co-investment scheme with the government’s flagship investment fund.
-
John D’Abo, former Asia head of ECM syndicate at Royal Bank of Scotland, has been hired to create an Asian ECM team at RBC Capital Markets.
-
The resignation of the head of Morgan Stanley’s European private equity unit is symptomatic of a broader problem, writes David Rothnie. How can banks stay relevant to the world of private equity?
-
It was Keynes who said that markets can stay irrational longer than you can stay solvent, but I’m proving to myself daily that I can also be irrational longer than I can remain solvent. When I was prop trading and a position was going sour (the tautologies abound) you would gradually adjust to the deteriorating situation in increments. You would first of all find yourself long in the middle of the spread, then matching the offered side of the market to come out flat, then it would trade down beneath your in-price. At this stage you doubled up and your loss was smaller but your position bigger.
-
Renaissance Capital announced the hires of four managing directors to its equity sales and trading business on Wednesday. The hires — which it had flagged last week when responding to coverage of cuts in its investment bank, which is losing 12% of its headcount — show that it is still selectively investing in products and markets.