Investment Banking Industry News
A collection of Investment Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Blackstone hires investment bank for $1b Nucleus Network auction
Buyout firm Blackstone is firmly on track to sell its clinical trials business Nucleus Network, bringing in advisers to oversee the auction and fetch it a $1 billion sale price after four years on the register. Wall Street giant Goldman Sachs has…
Magellan to merge with investment bank Barrenjoey in $1.6b deal
ASX-listed funds management group Magellan will merge with Barrenjoey, in a deal that values the home-grown Australian investment bank at $1.6 billion. In a statement to the exchange early on Monday, Magellan said it will issue shares to existing…
In 'Industry,' queerness is capital
Before the penultimate episode of “Industry” Season 4 begins, directors Mickey Down and Konrad Kay hold for a few moments, letting the synthetic flute notes of Daft Punk's melancholic “Veridis Quo” spill out over a black…
NBA star's partnership with a prediction market raises new questions for a troubled sports betting landscape
As the NBA trade deadline approached in early February, fans waited anxiously to see if star player Giannis Antetokounmpo would be moved to another team. The buzz around the Milwaukee Bucks forward, who could raise the title hopes of any franchise…
Former Goldman Sachs CEO Lloyd Blankfein Says the Market Is Due for a Reckoning
Never miss an episode. Follow The Big Take daily podcast today. After steering one of Wall Street's iconic investment banks through the financial crisis, former Goldman Sachs CEO Lloyd Blankfein is investing his own money and, with the publication…
Foreign investors record US$2.02bil outflow across eight Asian markets last week
KUALA LUMPUR: Foreign investors extended a two-week streak of net selling across eight Asian markets, with net outflows totalling US$2.02 billion (US$1 = RM3.90), according to MBSB Investment Bank Bhd. Vietnam and Malaysia saw milder outflows…
Barrenjoey boomerangs back to Magellan in the hope of Macquarie 2.0
Five years, five months and eight days ago, the worst-kept secret in Australian investment banking became official. Matthew Grounds and a string of other rockstar deal makers, formerly of UBS, were starting their own shop, Barrenjoey Capital…
111 Capital Invests $1.69 Million in Bank of Nova Scotia (The) $BNS
111 Capital acquired a new position in shares of Bank of Nova Scotia (The) (NYSE:BNS - Free Report) TSE: BNS in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,116 shares of the bank's stock…
Chasing a handful of banking jobs, students bet on the right degree
For years, the path into the trading rooms and dealmaking at the country's big investment banks has been through commerce degrees at universities in one of two cities: Sydney and Melbourne. Increasingly, there is a more exotic option – a…
Barrenjoey's $1.1 Billion Sale Shows Desire for M&A Boutiques
As global dealmaking picks up, financial advisory firms are getting in on the action and sparking consolidation among themselves. In the latest case, Magellan Financial Group Ltd. has agreed to buy Australian boutique Barrenjoey Capital Partners…
Bursa Malaysia ends morning session lower due to Middle East conflict
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in the red, in tandem with regional markets, as risk appetite for equities was dampened by the ongoing Middle East conflict. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI)…
An 'Industry' Season Four Exit Interview with Creators Mickey Down and Konrad Kay
This story contains spoilers for all four seasons of Industry, including the season four finale, “Both, And.” Industry 's third-season finale, which aired in the fall of 2024, swept several main characters off the board and bid…
Brent crude may spike by US$15-20bbl amid US-Iran conflicts, says Public IB
KUALA LUMPUR: The United States-Iran conflict could result in Brent crude prices posting a 'knee-jerk” move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public…
Anthropic's Partners Are Making a Deal With the AI Devil
Anthropic PBC made an announcement last week that flew under the radar. Having sparked selloffs in the equity market with a relentless stream of product updates, the company wanted to avoid rattling investors more. Its livestream wasn't widely…
Remember the fallen financial rock star Hamish Douglass? He has a final act
You have reached your maximum number of saved items. Remove items from your saved list to add more. Add articles to your saved list and come back to them anytime. When rockstar investor Hamish Douglass dropped his proverbial guitar and famously…
Receive a Daily briefing on Investment Banking Industry News
Get Started