investment-banking
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Intermedia’s Owner Explores Sale of Communications Services Firm -Sources
Date: August 10, 2023
Intermedia’s owner explores sale of communications services firm -sources By Milana Vinn (Reuters) – The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1 billion, including debt, according to people familiar with the matter. Buyout firm Madison Dearborn Partners is...
UBS Shuffles Bank Bosses in Bid to Better Compete With Wall Street
Date: August 8, 2023
UBS shuffles bank bosses in bid to better compete with Wall Street LONDON/NEW YORK (Reuters) -UBS on Monday announced an overhaul of its investment banking division, including naming the unit’s M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on the opportunity presented by the rescue takeover of...
Commerzbank Shares Slump on Outlook, Despite 20% Profit Rise
Date: August 4, 2023
Commerzbank shares slump on outlook, despite 20% profit rise By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Commerzbank’s shares sank 5% on Friday, despite a big jump in net profit in the second quarter, after the German lender raised its cost outlook and cut its commission income forecast. The less rosy outlook for net commission...
U.S. Banks Point to Resilient but Slowing Economy, Flag Risks Ahead
Date: July 14, 2023
U.S. banks point to resilient but slowing economy, flag risks ahead (Reuters) – Some of the largest U.S. banks got a profit boost from higher interest rates and pointed to early signs of recovery in investment banking but warned that the economy was slowing and losses would increase in commercial real estate. In their earnings...
Japan’s Top Lenders in Fresh Drive to Win US Investment Banking Deals
Date: July 4, 2023
Japan’s top lenders in fresh drive to win US investment banking deals By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say....
Credit Suisse Appoints Investment Banking Management Committee -Memo
Date: June 30, 2023
Credit Suisse appoints investment banking management committee -memo By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a memo seen by Reuters. UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging...