Tag:
M&A
Latest Headlines
Latest Headlines
Fee bonanza from Glencore-Xstrata deal
The Facebook deal has spawned saturation coverage from the media, but another deal has just been announced that will likely provide a comparable fee bonanza.
Glencore International, the world’s leading commodities trading firm, has agreed to buy Xstrata, a leading European mining company, in a
Morgan Stanley vs. Goldman Sachs in M&A advisory work
The mergers and acquisition market has picked up, as many expected, and that has the league tables sweepstakes heating up as well. The stakes are high, as many firms are looking for investment banking revenue to drive earnings for the rest of the year.
Through May 10, Morgan Stanley ( NYSE: M
Another big deal: Texas Instruments to buy National Semiconductor
Is there any question that deals are back in vogue? The latest eye-catcher: Texas Instruments announced it will buy National Semiconductor for roughly $6.5 billion in cash, which amounts to a 75 percent to 80 percent premium. Morgan Stanley ( NYSE: MS ) and Jones Day advised Texas Instruments, w
Deal resurgence on the horizon
Wall Street is giddy about the prospects for mergers and acquisitions for the rest of the year. The first quarter was enough to raise expectations sky high. Driven by AT&T's $39 billion deal for T-Mobile, first quarter deal volume rose 58 percent year-over-year. That's apparently the best
Wall Street hiring to pick up
The financial services industry added 3,000 jobs in February, a big upturn from a loss of 10,000 jobs in January. The big question of course is whether this hiring momentum will be sustained.
"The next few months--the perennial high time for Wall Street hiring--are going to be the most telling
Lazard results bode well for deal economy
The less than stellar results at Greenhill & Co. led to some talk about the fate of deal advisory boutiques at a time when the big boys of the industry were laser-focused on what appears to be a favorable deal environment.
But Lazard just released solid fourth quarter results, featuring a
Boutique debt traders suffer as bulge bracket recovers
Boutique debt trading firms were all the rage just two years ago. The conventional wisdom at the time was the bulge bracket firms were debilitated by the financial crisis and a recovery would take many years, especially during a tough regulatory climate. As commissions soared, boutiques offered fa
Goldman Sachs, Morgan Stanley duel for top spot in league tables
The league tables matter when it comes to investment banking. Don't let anyone tell you otherwise. Whether they admit it or not, top bank executives care a whole lot about bragging rights, and there is an enormous amount of behind-the-scenes maneuvering to get the tally-keepers, Dealogic and Thoms
Wall Street's banner year in revenues
You might not have guessed it, given the general sense that Wall Street banks are struggling, but the top five banks are in a record-breaking period of revenue generation. Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley "will likely have a better fourth quarter than th
Banks face severe revenue drought
Are the glory days over for the top U.S. banks? The industry, which until the financial crisis was among the most prosperous, has been hit with a painful revenue drought. Goldman Sachs's revenue fell 28 percent in the third quarter. At Morgan Stanley, net revenues dropped 20 percent. At JPMorgan C
