Big Banks Needed M&A to Roar Back in 2024. It’s Happening.
The volume of US mergers and acquisitions is up 130% so far this quarter, to $288 billion, according to data from Dealogic. Worldwide M&A it's up 56%.
Recent
Morgan Stanley Forced Frasers Off Books With $1 Billion Margin Call, Court Told
Morgan Stanley used "unrealistic", "inappropriate" near $1.0B margin call to force trades held by retail tycoon Mike Ashley's Frasers group off books.
Markets Underestimate Risk of Inflation Re-accelerating, Says PIMCO
Equity and fixed income markets may be too optimistic on how quickly central banks will cut rates and underestimate the risk of an economic downturn.
Goldman Lifts S&P 500 Target With Profit Optimism to Drive Rally
Just months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group Inc. strategists have boosted their forecast for a second time.
Morgan Stanley ‘Asleep at the Wheel’ as Mike Ashley Calls Foul
“Rogue trader” Nick Leeson has claimed that Mike Ashley’s legal battle against Morgan Stanley exposes what could be worst “risk management breakdown”.
Banks Piling Back Into Everything From Mortgage Debt to CLOs
US banks starting to ramp up purchases of everything from mortgage-backed securities to collateralized loan obligations two years of cutting back.
David Solomon's Pay Rises to $31 Million After Most Challenging Year as Goldman CEO
Board of Goldman Sachs (GS) awarded CEO David Solomon a 24% compensation increase for 2023 despite a profit decline and a dealmaking slowdown.
