The TRADE

OCTOBER 18, 2024

“Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. They are now trading in all these other asset classes. billion in 2023.

Funds 69

Funds Broker Bank Banking 69

Mergers and Inquisitions

OCTOBER 18, 2023

Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.” And now, we return to questions #3 and #4 at the top of this article: 3) How would you compare capital markets and traditional IB offers? Should You Accept a Capital Markets Internship or Job Offer?

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

JANUARY 10, 2024

Some of these client differences relate to the distinction between private wealth management and private banking; for more on that, you should review the the private banking article. This is not the case in IB until you reach a very senior level (for more on all these points, see the article on investment banker salaries ).

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

FEBRUARY 28, 2024

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. see the fixed income trading article for the full list ). What if there’s a recession or a slowdown in global trade? If the company liquidates, which lenders will get their money back?

Equities 59

Equities Debt Asset Management Recruitment 59

Mergers and Inquisitions

SEPTEMBER 11, 2024

Despite what renewable cheerleaders often claim, the entire industry is very dependent on government subsidies, tax incentives, regulation, and even monetary/fiscal/trade policy. Can you understand even 1% of the Inflation Reduction Act without falling asleep reading it?

Investment Banking 59

Investment Banking Bank Banking Investment 59

Mergers and Inquisitions

DECEMBER 4, 2024

However, one common point across all the verticals is that IPOs are not common because there aren’t that many publicly traded sports teams, stadiums, or arenas. A few smaller European football clubs also happen to be publicly traded (Ajax, Celtic, etc.). Will there be an additional ticket or hotel occupancy tax to fund this?

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

JANUARY 22, 2025

Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank. Therefore, equity research generated revenue indirectly via trading commissions , but it was still considered a front-office role due to the compensation, interaction with managers and investors, and exit opportunities.

Investment Banking 64

Investment Banking Equities Bank Banking 64

The Deal

AUGUST 15, 2023

” Microsoft scored a win on July 11, when a federal court in California denied the Federal Trade Commission’s request for a preliminary injunction — essentially allowing the deal parties to proceed. Bulge-bracket deal expectations may also be a factor. “I And maybe in roughly that order of probability.”

S&P 52

S&P Bulge Bracket Entertainment Mergers and Acquisitions 52

Mergers and Inquisitions

JUNE 5, 2024

We cover many of the trade-offs in the earlier wealth management vs. investment banking article , but in short: Investment banking has better exit opportunities at all levels. There are so many articles, guides, and resources about IB interview questions that you have no excuse to be caught unprepared.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

SEPTEMBER 6, 2023

This WSJ article has a good summary graph: 2) Many teacher, firefighter, and other pensions have invested in PE firms and hedge funds , and regulators are concerned that they may be paying exorbitant fees for overstated performance. Up until now, the HSR filing has mostly been a formality.

Private Equity 105

Private Equity Equities Finance Finance 105

Cooley M&A

FEBRUARY 1, 2024

As a result, private debt providers and the syndicated market increasingly are competing on pricing and covenant packages to win new acquisition financing mandates, and many bulge bracket banks are sponsoring their own private debt funds. Still, average leverage levels in sponsor buyouts declined from 7.1x in 2022 to 5.9x

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59