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Monday, July 6, 2020

Ex-Morgan Stanley private equity boss launches own firm

MD who left when Wall Street bank pulled back from dealmaking in Europe, teams up with a former Change Capital exec By Vivek Ahuja The former head of Morgan Stanley’s private equity investment team in Europe, who left after nearly two decades when the bank...

For investment bankers, summer listings happened so fast

The value of IPOs in Europe during July and August was at its highest since before the financial crisis By Tim Burke The best summer for European stock market listings since before the financial crisis means the region's equity bankers have now worked on deals...

Global Credit Growth to Stabilise in 2017; Low Macro-Prudential Risk in Most Markets

Fitch Ratings Global credit growth in 2017 is likely to stabilise following a slowdown in 2016, but remains at a record low since the global financial crisis of 2008, says Fitch Ratings in its latest Macro-Prudential Risk Monitor. Consequently, macro-prudential risk indicators (MPI scores) continue...

Steinhoff Shares Slumps on Report CEO Is Being Probed in Fraud Case

By Alexander Kell, Janice Kew, and Karin Matussek Shares decline most since Frankfurt listing on high volume Report relates to case by German prosecutors started in 2015 Steinhoff International Holdings NV shares slumped the most on record after Manager-Magazin reported that Chief Executive Officer Markus...

Citigroup recruits father of euro bonds

Architect of the world's first euro-denominated bond becomes chairman of the Wall Street bank's London-headquartered broker-dealer By Vivek Ahuja Citigroup has recruited a 40-year capital markets veteran, and architect of the world’s first euro-denominated bond, as chairman of its European broker-dealer subsidiary. Companies House filings and...

Globalization’s castaways haunt central bankers

MASSENA, New York/JACKSON HOLE, Wyoming (Reuters) - After a turbulent year of anti-globalization backlash, central bankers still argue open borders and free trade are the key to more jobs, growth and prosperity. But when they meet for the U.S. Federal Reserve's annual research conference in...

Credit Suisse Creates Unit to Cater to Ultra Rich at Swiss Bank

Credit Suisse Group AG established a new unit catering to institutional clients and the ultra rich at its Swiss universal bank after abandoning plans for an initial public offering of the division earlier this year. The investment advisory & solutions unit will provide “customized investment...

World’s Biggest Piggy Bank Grows by $285 Million a Day

Fund has been ordered to boost stock holdings to 70% Fund returned $26 billion in second quarter on stocks rally As many investors question a global stock-market rally that’s now in its eighth year, the world’s biggest wealth...

McDonald’s to shut 169 outlets in India amid dispute with local partner

NEW DELHI (Reuters) - Fast food chain McDonald's (MCD.N) said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs. The U.S....

Citigroup taps Goldman activist defense banker for global role

NEW YORK (Reuters) - Citigroup (C.N) named Muir Paterson to head the bank's global team of bankers advising companies on activist shareholders, the bank announced on Monday. Paterson, whose official title is Global Head of Strategic Shareholder Advisory, previously worked as a senior activist defense...
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