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Investment banking

Today

M&A rainmakers hit a drought

The latest investment banking league tables confirm the global dip in mergers, equity and debt capital markets, and leveraged finance. Itโ€™s also gloomy here.

  • 11 mins ago
  • Tony Boyd

The real problem at Credit Suisse is an old-school one

The bankโ€™s capital and liquidity position might be strong, but the degree of difficulty in restructuring a bloated business at a time of volatility is high.ย 

  • James Thomson

This Month

Credit Suisse a โ€˜buy for the braveโ€™ as shares hit record low: Citi

With its share price at rock bottom, analysts say the stock is only a buy for investors with an iron stomach ahead of its strategic shift.

  • Emma Rapaport

Credit Suisseโ€™s turnaround just got a lot tougher

To underpin sustainable profit, Credit Suisse is aiming to streamline the investment bank and expand its wealth management business, which soaks up less capital.

  • Oliver Hirt and Carolina Mandl

Credit Suisse terrifies investors with its message of reassurance

Attempts to restore calm can be spectacularly unsettling. They imply that someone somewhere thinks the business is in serious trouble.

  • Updated
  • The Lex Column
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Credit Suisse rumour mill a sign of dangerous times

Speculation that Credit Suisse is โ€œon the brinkโ€ has got completely out of control, as shown by the way a tweet from an ABC reporter took on a life of its own.

  • Updated
  • James Thomson

The two ways to fix Credit Suisse

Its leaders know the Swiss bankโ€™s problems, and they have a good idea of what they want the bank to become.

  • Updated
  • Paul J. Davies

Pendal deal spread blows out amid M&A anxiety

Pendalโ€™s share price is lagging Perpetualโ€™s tabled offer by more than 12 per cent.

  • Jonathan Shapiro

September

CVC Capital bigwig in Aussie charm offensive

Global buyout bigwig CVC Capital Partners is cashed up and ready for big Australian M&A deals.

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Australiaโ€™s top five deal makers in 2022

Thereโ€™s plenty of work to go around, but the cream of the crop in the investment banking sector emerged in the past year.

  • Sarah Thompson and Anthony Macdonald

These bankers will pay for Credit Suisseโ€™s existential crisis

The collapse in the share price of Credit Suisse amid increased market volatility and a looming recession will pressure its bankers and the Swiss government.

  • Tony Boyd

Investors flee as UK bets the lot on tax cuts, massive borrowing

The pound plummeted and bond yields went into freefall as the new British government unleashed huge tax cuts not seen since the 1970s.

  • David Milliken and Andy Bruce

The problem with Citigroupโ€™s new beachside hub

The investment bankโ€™s Malaga experiment - where workers are guaranteed eight-hour days and weekends off - sounds great, but it could lead to a professional dead end.

  • Brooke Masters

Credit Suisse weighs splitting investment bank into three

The board and executive team are planning to unveil the new strategy, which is expected to include thousands of job cuts, at the bankโ€™s third-quarter results next month.

  • Owen Walker

Charting M&A regulatory approvals as important as price: HSF

Itโ€™s not just debate on price holding up public M&A deals - bidders are also facing increased regulatory scrutiny, which is delaying approval times and threatening completion rates.ย 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
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UK is playing with fire in ditching a cap on bankersโ€™ bonuses

UK Chancellor of the Exchequer Kwasi Kwarteng is wading into the politically sensitive area of banker pay - but the benefits may not be worth the risks.

  • Marcus Ashworth

Link knocks back Dye & Durhamโ€™s Woodford workaround

Link and its Canadian suitor, Dye & Durham, are once again at loggerheads on how to proceed with the incident-plagued takeover.

  • Jonathan Shapiro

Barrenjoey founding partner resigns

Barrenjoeyโ€™s chief operating officer for corporate finance, Anna Schibrowski, has resigned, in the latest departure at the investment bank.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Goldman plans to cut several hundred jobs starting this month

The reported reductions are a resumption of Goldmanโ€™s annual culling cycle that it had largely paused during the pandemic.

  • Sridhar Natarajan

Jefferies recruits gold explorerโ€™s CFO for mining research

Investment bank Jefferies has poached Chris Drew from listed exploration company Kingston Resources Ltd to join its mining sector equities research team in Sydney.ย 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood