JPMorgan Chase & Co. has set up a dedicated sports investment banking team as Wall Street banks battle for fees in an increasingly competitive corner of the mergers and acquisitions market. The US bank has appointed Eric Menell and Gian Piero Sammartano to co-lead the new sports investment banking coverage group, according to an internal … Read more
Citigroup is shutting down its municipal business, a move that will affect around 100 employees, as the bank continues to overhaul its business under an reorg by chief executive, Jane Fraser. The bank has decided that the unit is “no longer viable given our commitment to increase the firm’s overall returns”, according to a memo … Read more
Frankfurt was ready to celebrate. Only a year after the 2016 Brexit referendum, the vast majority of US banks had set up their EU hubs in the German city. International school places were being block-booked ahead of relocations from the UK and property prices were rocketing. But the French government had other ideas. Emmanuel Macron, victorious … Read more
Deutsche Bank’s Trading Revenue Set to Drop for Third Quarter Bloomberg Source link
The 11% Yield That Isn’t in Your Mutual Fund The Wall Street Journal Source link
Programming note: Money Stuff will be off tomorrow and next week, back on Aug. 21. Enjoy a week of low volatility. Unless you are Elon Musk, in which case, enjoy whatever crazy stuff you’re going to get up to. If you have a bunch of trees, and you chop them down to make paper or … Read more
EL PASO, Texas, December 1, 2022 (Newswire.com) – Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, today announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated corporate note … Read more