Analysis: Banks’ snubbing of junk-rated loan funds worsens financing logjam
A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund managers and investors said.
Wall Street banks’ Q2 trading revenue likely to surge, softening blow from deal slump
A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and debt deals when Wall Street banks report second-quarter earnings this month.
Analysis: Global investment banking faces tougher times after blockbuster year
A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.
Goldman shrewdly grabs McKinsey cast-off
Few people can claim to have worked at both Goldman Sachs and McKinsey. Kevin Sneader joined the investment bank just six months after leaving the CEO of a management consulting firm. Installing someone who agreed to a $573 million opioid settlement and dealt with a slew of other issues may seem unusual for a bank […]
Analysis: How Wall Street’s hottest dealmaking trend fizzled
Los Angeles Dodgers co-owner Todd Boehly made a lucrative offer last March that Sportradar Group AG (SRAD.O) founder and CEO Carsten Koerl could not pass up.
Explainer: How will EU ban on 10 banks from bond sales impact markets and banks?
LONDON, June 17 (Reuters) – Ten banks have been excluded over past breaches of antitrust rules from European Union syndicated debt sales backing Brussels’ up to 800 billion euro ($969 billion) COVID-19 recovery fund.
