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Let the Light Shine on Bank Supervisors’ Examination Ratings

Reynolds Holding

We have argued that bank regulators should disclose more bank information than is now required. [1] In this post, we argue that supervisors should disclose specific aspects of bank examination ratings. Though bank examinations can play a central role in promoting the stability of banks and the U.S.

Banking 45
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How to Get a BSPCE Valuation for Your Startup’s Employee Share Plan

Equidam

We’ll also cover the legal requirements (fair market value, documentation, audit readiness) and show why an accurate, compliant valuation is crucial to maintain the tax benefits. This means you should document your valuation thoroughly. The onus is entirely on the company to get the valuation right and be prepared to defend it.

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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Brian DeChesare

How to Recruit for Distressed Debt Hedge Funds The best background is restructuring investment banking because the skill set is directly relevant. If you have a non-IB background, such as at a turnaround consulting firm , you might want to aim for operational roles in distressed PE or move to banking first to improve your chances.

Equity 103
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Behind the Private Credit Boom

Reynolds Holding

Private credit is a form of lending outside the traditional banking system that involves lenders negotiating directly with borrowers to originate privately held loans that are not traded in public markets. The business models of banks and private credit are often referred to as the moving business and the storage business, respectively.

Banking 45
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Beyond the Twilight Zone: The Restructuring and Resurrection of Zombie Firms

Reynolds Holding

These companies would probably have gone bankrupt without the forbearance of banks or regulators or other types of government or lender support, but their rise reduces economic productivity, limits healthy firms’ growth, and deters the creation of new firms (Caballero et al, 2008; McGowan, Andrews, and Millot, 2017).

Banking 45
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Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?

Brian DeChesare

Capital Structure Trades – Or you could focus on Jacobs’ ~$4 billion in debt and long or short some of their bonds (or use credit default swaps) if you believe its credit rating will change once the deal takes place. should convertible arbitrage be in this category?) .): should convertible arbitrage be in this category?)

Equity 64
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Credit Hedge Funds: Full Guide to the Industry, Strategies, Recruiting, and Careers

Brian DeChesare

For example, to process and check loan documents efficiently, you’ll have to pay for covenant-review services or lawyers. In practice, that means: Any investment banking group that does a lot of debt issuances, including many industry groups and Leveraged Finance , but probably not DCM (less analysis). The Top Credit Hedge Funds.

Equity 52