Tag:
Big Deals
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Latest Headlines
Do layoffs show bankers now support traders?
The conventional wisdom on Wall Street is currently that top banks will be forced to layoff staff.
It's already happening. Bank of America (NYSE: BAC ) has been paring jobs in its capital markets units; about 3 to 5 percent of jobs may be cut, according to media reports. At some financ
Do JPMorgan's blockbuster deals leave it underexposed internationally?
It's worth remembering that JPMorgan Chase (NYSE: JPM ), led by CEO Jamie Dimon, pulled off quite a coup in the financial crisis. It paid $3 billion for Bear Stearns and Washington Mutual, which in hindsight look like deals well worth the costs.
The bank seems to be turning the corner on th
Deal pace flat so far this year
People keep talking about the likelihood of more deals being struck now that the credit crunch seems to be waning a bit. The financial sponsors especially are sensing big deals. Strategic buyers are also looking at their options in a low-rate environment. Goldman Sachs ( NYSE: GS ) went so far a
Small private equity deals to thrive
When news broke that Blackstone Group, TPG Capital and THL Partners were in serious talks to buy Fidelity National Information Services for $15 billion, there was lots of talk that mega-deals were on the way back. Then the deal fell apart, and some people concluded that all that talk was prematur
The return of M&A?
Investment bankers are hardly sitting around watching YouTube and playing computer golf. They're working on some big deals, like the IBM purchase of SPSS. We might see more fruits from that labor in the second half of the year, notes Business Week .
This is indeed a decent time for strategi
What to make of the Sun Valley conference?
Allen & Co.'s annual deal maker bash in Sun Valley gets underway this week. It used to be the event for money managers to get together with top executives across the media and technology industries. And it was a high-profile brand-burnishing opportunity for a boutique investment bank that
Blackstone Group continues to ail in crisis
Way back when, it seemed that The Blackstone Group got the best of rival Kohlberg Kravis Roberts when it managed to go public first. That was a year and a half ago. KKR of course still hasn't gone public--and they must be feeling a bit lucky. It has hardly been a picnic for Blackstone, who just re
