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TheDeal.com reports that when the Royal Bank of Scotland auctioned off its insurance unit, private equity firms were told not to participate because they weren't likely to win. This after several... Read more...
What do the following execs have in common? Justin Abelow, Deutsche Bank's managing director of financial sponsors, Mike Bingle, Silver Lake managing director, and Cathy Leonhardt, Peter J. Solomon... Read more...
The credit crunch has financial sponsors scouring for new sources of financing. They may have found their answer-- hedge funds. While funds have been buying leveraged loan-backed debt for a while,... Read more...
The news that Kohlberg Kravis Roberts has summoned top bankers from the likes of Goldman Sachs and Citigroup to talk about First Data is not a surprise. We've said it all along, Read more...
Last quarter, Morgan Stanley's average trading VAR rose about 30 percent from a year earlier to $81 million. This is not out of whack compared with other firms' VARs. But it does indicate that... Read more...
Is the merger boom cresting? Well, according to Dealogic, the value of U.S. deals hit $1 trillion already this year, the earliest date that it has hit that milestone ever. Last year, it took a few... Read more...
Especially with financial sponsors playing such an active role in the deal scene, there are many opportunities for investment banks to seem conflicted. For the most part, people just sort of live... Read more...
Poaching from your competitors is a time-honored practice in financial services, from stock brokers all the way up to M&A kingpins. A lot of legal hours have been--and will continue to... Read more...