Cooley M&A

OCTOBER 13, 2023

In a recent installment of Cooley’s Market Talks virtual series Jamie Leigh, partner and co-chair of the M&A practice at Cooley, joined Dave Peinsipp, partner and co-chair of the capital markets practice at Cooley, and Umi Mehta, global head of tech private equity and venture capital investment banking at Morgan Stanley, to discuss the evolving (..)

Equity 52

Equity Marketability Banking 52

Harvard Corporate Governance

JULY 24, 2022

Posted by Carine Smith Ihenacho, and Severine Neervoort, Norges Bank Investment Management, on Sunday, July 24, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer and Severine Neervoort is Senior Analyst, Corporate Governance at Norges Bank Investment Management. Ihenacho; Ms. more…).

Banking 222

Banking Compliance Equity Marketability 222

Brian DeChesare

OCTOBER 18, 2023

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?

Banking 59

Banking Marketability Start-ups Equity 59

Reynolds Holding

JUNE 8, 2023

In a recent paper , we examine whether listed bank holding companies (BHCs) that are small enough to stay private are riskier than private BHCs that are large enough to go public but have opted not to do so. The banking industry is highly competitive, which leads management to seek better financial results and invest in risky projects.

Banking 59

Banking Equity Marketability Finance 59

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 76

Banking Equity Start-ups Treasury 76

Law 360 M&A

SEPTEMBER 8, 2023

Given the growth of private debt funds, new entrants in the market and equity markets remaining sluggish, more borrowers are turning to venture debt financing, with long-standing venture funds offering flexibility and expertise without the risks of larger banks, says Jennifer Post at Thompson Coburn.

Equity 40

Equity Debt Financing Marketability Banking 40

Brian DeChesare

DECEMBER 20, 2023

If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023. Corporate banking.

Banking 96

Banking Start-ups Finance Corporate Finance 96

Musings on Markets

MAY 7, 2023

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments. All Equity, All the time!

Banking 63

Banking Price to Book Dividends Book Value 63

Reynolds Holding

APRIL 10, 2024

Since the collapse of SVB, Credit Suisse, and other smaller banks that year, many reform proposals have focused on stronger ex-ante prudential measures, such as higher capital and liquidity rules ( Admati et al., The runs spotlighted once again the limit on prudential norms. 2023 ; Dewatripont et al.,

Banking 59

Banking Going Concern Value Dividends Marketability 59

Brian DeChesare

JANUARY 10, 2024

If you want to read angry comments and long threads with plenty of insults, you can’t go wrong with the wealth management vs. investment banking debate. And wealth managers at large banks may advise people with as little as a few hundred thousand to invest. The truth is that both claims are correct but incomplete.

Banking 59

Banking Start-ups Equity Corporate Finance 59

Startup Valuation Blog

MARCH 13, 2023

By developing a comprehensive risk management strategy and implementing sound financial practices, companies can reduce their exposure to banking institution bankruptcy risk and protect their long-term financial position. The bank's collapse prevented the enterprises from accessing deposits. Says Tamir Levy, Ph.D.,

Banking 100

Banking Firm Value Finance Equity 100

Harvard Corporate Governance

JUNE 2, 2022

Banks’ role in ?nancial nancial markets, but also ties their health to that of other ?nancial The vast reach of banks’ activities was made apparent during the ? Prior research into the sources of systemic risk largely focuses on the outcomes of banks’ risky activities (e.g., the composition of banks’ ?nancing

Banking 240

Banking Capital Structure Equity Marketability 240

Harvard Corporate Governance

FEBRUARY 8, 2024

Private equity sponsors, in particular, held back on debt-financed leveraged buyouts while watching to see whether interest rates (or business valuations) would fall. Direct lending remained hot, continuing to fill in market gaps. But it was by no means a borrower’s market, whether in terms of pricing, terms, or leverage multiples.

Finance 133

Finance Debt Financing Marketability Business Valuation 133

Reynolds Holding

MARCH 25, 2024

Nearly all community banks use technology services from Fiserv, FIS, and Jack Henry for their core banking needs (The Conference of State Banking Supervisors Annual Surveys in 2019, 2020, 2021, and 2022 report that under 1 percent of the respondents rely exclusively on in-house resources to support their technology).

Banking 59

Banking Technology Marketability Equity 59

Benzinga

APRIL 1, 2024

April 01, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation ("Busey") (NASDAQ: BUSE ), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation ("M&M"), the holding company for Merchants and Manufacturers Bank ("M&M Bank"), effective April 1, 2024.

Banking 40

Banking Marketability Equity 40

Brian DeChesare

JUNE 21, 2023

Investment banking in Dubai stands out for attracting remarkable hype on social media. It’s almost like the city has its own PR department and never-ending marketing campaign. Specifically, should you aim for entry-level investment banking roles in Dubai rather than London, New York, or other financial centers?

Banking 101

Banking Start-ups Finance Equity 101

Harvard Corporate Governance

JUNE 27, 2023

Following the consecutive collapses of Silicon Valley Bank (“SVB”) and Signature Bank in March, other regional banks have been under pressure. This news, coupled with First Republic having a high percentage of uninsured deposits, triggered a run on the bank, causing a liquidity crisis that the bank could not quell. [1]

Banking 208

Banking Marketability Equity Technology 208

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.”

Equity 75

Equity Banking Start-ups Private Equity Firm 75

Brian DeChesare

SEPTEMBER 29, 2022

We covered investment banking in Canada a long time ago on this site, but things have changed over time – and the original article was light on details and numbers. Let’s start with a quick industry overview before moving into the more controversial areas: Investment Banking in Canada: Top Banks, Locations, and Industries.

Banking 94

Banking Start-ups Private Equity Firm Equity 94

Reynolds Holding

FEBRUARY 4, 2024

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. The 2023 banking crisis, and the ongoing macroeconomic conditions, further highlight the significance of debt capital as a lifeblood of business. The private credit market has reached $1.6

Equity 64

Equity Corporate Finance Finance Banking 64

John Jenkins

APRIL 17, 2023

The macroeconomic headwinds that dealmakers faced in 2022 have carried over into this year, and the recent unpleasantness in the banking sector threatens to make deal financing terms even tighter. Not surprisingly, this environment has caused private equity firms to find ways to bridge valuation gaps in order to get deals done.

Equity 51

Equity Private Equity Firm Marketability Banking 51

Benzinga

FEBRUARY 28, 2024

The private equity environment has changed. These were the findings at a conference for the private equity industry in June 2023 and are likely to remain the PE investment themes of 2024, according to Beringer Capital , a PE firm based in Toronto, Canada. The global central banks’ collective response to rising prices?

Equity 52

Equity Banking Finance Marketability 52

Brian DeChesare

NOVEMBER 1, 2023

When you hear the words “healthcare private equity,” two thoughts probably come to mind: Wait a minute, isn’t healthcare a risky/growth-oriented sector? Before delving into these nuances, we should take a step back and define the sector: Definitions: What is a Healthcare Private Equity Firm? Why do PE firms operate there?

Equity 59

Equity Private Equity Firm Start-ups Banking 59

Benzinga

AUGUST 9, 2022

09, 2022 (GLOBE NEWSWIRE) -- Axial, the online M&A platform connecting buyers and sellers of American small and medium-sized businesses, has released its Q2 2022 Lower Middle Market Investment Banking League Tables. Access the Q2 2022 Lower Middle Market Investment Banking League Tables. "The NEW YORK, Aug.

Banking 52

Banking Marketability EBITDA Equity 52

Harvard Corporate Governance

APRIL 21, 2023

Fuse Brown (Georgia State University), on Wednesday, April 19, 2023 Tags: capital investment , Financial regulation , investors , market power , Medicine , Private equity What The First Universal Proxy Card Contests Say About the Future of Activism Posted by Kai H.E. Hall (Wake Forest University), Erin C.

Debt Financing 229

Debt Financing Banking Equity Finance 229

Benzinga

APRIL 25, 2024

and its wholly-owned bank subsidiary, Oakwood Bank (together, Oakwood), in an all-stock transaction for total consideration value of approximately $85.7 As of December 31, 2023, Oakwood Bank reported total assets of $843 million, total deposits of $732 million and total equity capital of $90.7 billion in assets, $6.1

Banking 40

Banking Marketability Equity 40

RNC

JANUARY 16, 2024

Even if they have the potential to yield large financial gains, startup equity presents a complex terrain that calls for careful thought and deliberate planning. This Startup Stock Option Survival Guide will go over important pointers to keep your equity stake safe and enhance its worth.

Equity 52

Equity Banking Intangible Assets Marketability 52

RNC

AUGUST 15, 2023

Equity valuation holds significance. However, like any tool, equity valuation models present their fair share of challenges and limitations. In this blog post, we will delve into the balance, between precision and practicality, in equity valuation. Discuss strategies to overcome these hurdles.

Equity 52

Equity Discounted Cash Flow Equity Financing Business Valuation 52

Harvard Corporate Governance

MAY 17, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 17, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 10-16, 2024 Fee Variation in Private Equity Posted by Juliane Begenau (Stanford University), and Emil Siriwardane (Harvard Business School), on Friday, May (..)

Compliance 100

Compliance Banking Equity Marketability 100

Reynolds Holding

APRIL 13, 2023

The sudden collapse of Silicon Valley Bank (SVB) surprised many investors and industry experts, given the bank’s recent accolades and long-standing reputation as one of the best national and regional banks in the U.S. [1] 1] Moreover, there had been no reported bank failures during the COVID-19 pandemic from 2020 to 2022.

Banking 75

Banking Equity Treasury Finance 75

Benzinga

MARCH 5, 2024

Arrow Financial Corporation (NASDAQ: AROW ) has entered into a definitive agreement with Berkshire Bank, a subsidiary of Berkshire Hills Bancorp, Inc. Under the deal, Arrow Financial’s bank subsidiary, Glens Falls National Bank, will acquire the branch office at 184 Broadway, Whitehall, New York. NYSE: BHLB ).

Banking 52

Banking Equity Marketability 52

The Guardian M&A

MAY 14, 2023

Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilities Ministers have been urged to intervene if Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take full control of a vital part of the UK’s gas grid.

Banking 76

Banking Equity Marketability 76

Harvard Corporate Governance

MAY 5, 2023

Four Facts About ESG Beliefs and Investor Portfolios Posted by Stephen Utkus (University of Pennsylvania), on Friday, April 28, 2023 Tags: equities , ESG , ESG assets , holdings , investor portfolios , Retail investors , Stock returns Remarks by Commissioner Peirce before Eurofi Posted by Hester M. Peirce, U.S.

Banking 229

Banking Equity Finance Technology 229

Brian DeChesare

JUNE 15, 2022

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.).

Banking 94

Banking Treasury Start-ups Finance 94

Reynolds Holding

FEBRUARY 12, 2024

Loan accounting in a bank should be straightforward, delivering predictable and transparent results. While judgment is involved when loan performance deteriorates, the goal of management and outside accountants should be a presentation that maximizes comparability between banks and minimizes idiosyncratic outcomes.

Banking 59

Banking Book Value Start-ups Technology 59

Brian DeChesare

AUGUST 3, 2022

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Unfortunately, switching banks, groups, or locations after your internship is much easier said than done. Why Switch Banks?

Banking 82

Banking Start-ups Enterprise Value Marketability 82

Brian DeChesare

NOVEMBER 15, 2023

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. Specialized Pathways: For the Level III exam, you can focus on portfolio management, private wealth, or private markets. Not much has changed since then.

Banking 59

Banking Start-ups Finance Private Equity Firm 59