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NEW YORK (Reuters) -Deutsche Bank AG has cut staff in origination and advisory segments of its investment banking unit, according to a source familiar with the matter, as a pullback in financing ...
Executives in that division, however, have sought to protect their clients from cross-selling efforts by investment bankers in HSBC's Global Banking division, sources at the bank have previously said.
Citigroup Inc also eliminated dozens of jobs across its investment banking division, Bloomberg News reported on Tuesday. Investment bankers were awash with deals in 2021, but have seen few this ...
After the 2007–2008 financial crisis, Credit Suisse's investment bank continued risky deals to compete with large U.S. financial institutions, while many large U.S. banks and UBS pursued more conservative strategies, and sold off riskier assets to de-risk their own portfolios. [10] [11]
An early deal that made the firm notable was for Lynk Systems Inc. It previously hired Merrill Lynch to find a buyer and got an offer of $150 million. It offered FT Partners 5% of any deal price over $300 million. In 2004, the company was sold to Royal Bank of Scotland for $525 million. After the sale, FT Partners commissioned and framed a ...
In November 2011, the firm announced that it had agreed to purchase a 45% non-controlling interest in ABS Investment Management, an institutionally focused equity long/short hedge fund of funds manager. [8] In 2012, Evercore advised Kraft in the largest Consumer/Retail deal of the year, as well as TNK-BP in the largest Energy deal of the year ...
The 4,337 deals are also the lowest number of transactions posted by private equity since 2020. GTCR’s $14.4 billion buy of a majority stake in Worldpay is the year’s biggest U.S. announced PE ...
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses. [1] PJT operates businesses across strategic advisory, strategic capital markets, restructuring, shareholder advisory and capital raising.