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Investment Banking in Hong Kong: The Financial Center of the Future World Order?

Brian DeChesare

In the 1990s and 2000s, bankers from other regions could transfer to HK or start their first jobs there without a strong connection to the region or Asian language skills. Traditionally, Hong Kong was viewed as an “ IPO hub,” with firms from mainland China and other emerging markets going public there due to favorable taxes and regulations.

Banking 52
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You Can’t Audit That!

Internal Audit 360

A more serious situation arose when Tosco started trading in derivatives to hedge its commodity purchases and sales, with an occasional speculative position taken under the close supervision of the CEO. For example, I did it with audits of sales contract management, procurement, the tax department, and white hat hacking.

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Private Equity in China: The Worst of Both Worlds?

Brian DeChesare

I could stop this article here at ~50 words, but sometimes it’s fun to indulge in a fantasy, so I’ll continue with the topic and cover: Deal types , investment strategies, and top firms. Also, you don’t have nearly the same tax advantage you’d get in Hong Kong; the effective rate is in the 30-40% range, like the U.S.

Equity 75
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Public Finance Investment Banking: Pathway to Politics, or Bottom-Tier Bonus Bullpen?

Brian DeChesare

The controversy starts with the name: Is public finance “really” investment banking? We previously covered public finance in a 2-part interview series, but those articles glossed over some nuances and did not get all the explanations correct. One of the more controversial industry groups is public finance investment banking.

Finance 65
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Oil & Gas Investment Banking: The First Victim of the ESG Cult?

Brian DeChesare

But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. Taxes, (Geo)Politics, and Regulations – Has the government increased taxes on oil and gas production or consumption? Have politicians imposed a “windfall tax” on energy companies?

Banking 88
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You Can’t Audit That!

Internal Audit 360

A more serious situation arose when Tosco started trading in derivatives to hedge its commodity purchases and sales, with an occasional speculative position taken under the close supervision of the CEO. For example, I did it with audits of sales contract management, procurement, the tax department, and white hat hacking.

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The Collapse of Silicon Valley Bank: The Start of Great Financial Crisis 2.0?

Brian DeChesare

In this “emergency article,” I’ll cover: Exactly what happened , including some points I haven’t seen mentioned elsewhere. Look at any financial model for a bank, and you’ll see that loans – not deposits – are the key top-line driver. Remember that, normally, a bank issues loans and then finds the liabilities (deposits, debt, etc.)

Banking 112