Brian DeChesare

SEPTEMBER 6, 2023

Private equity was viewed as a “lightly regulated” industry for a long time. Only wealthy individuals and institutions could invest, so governments cared less about PE firms than commercial banks and brokerages. The private equity and hedge fund industries have sued the SEC to block these rules , but I doubt they will win.

Equity 90

Equity Finance Private Equity Firm Banking 90

Brian DeChesare

OCTOBER 5, 2022

Over the past week, there has been a ton of speculation on social media that Credit Suisse – and possibly also Deutsche Bank or UBS – is about to have its “Lehman Brothers” moment. Everyone knew the bank was troubled throughout 2007 and 2008, but most people assumed the government would bail it out, as it had already done for Bear Stearns.

Banking 128

Banking Start-ups Equity Compliance 128

Global Finance

MAY 8, 2024

In the Asia-Pacific (APAC) region last year—as in 2022—net interest margin (NIM) dynamics were optimal for banks in Southeast Asia, Australasia, Hong Kong and India. Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits. billion; a 2.3%

Banking 52

Banking Dividends Start-ups Finance 52

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

Brian DeChesare

APRIL 10, 2024

Amidst the miserable deal environment of the past few years, there has been one bright spot: sports private equity. Over two-thirds of NBA teams have a private equity connection or investment , and all major U.S. Table Of Contents Sports Private Equity Defined Why Did Private Equity Suddenly “Get Interested” in Sports?

Equity 82

Equity Private Equity Firm Start-ups Accounting Firms 82

Brian DeChesare

JULY 26, 2023

But over the years, they morphed into a well-known topic and then a commonly derided topic – as many people argue that search fund experience is worthless, while others claim it’s “just as good” as working in banking or private equity. Before delving into the details, I want to start by explaining the industry: What is a Search Fund?

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Brian DeChesare

JUNE 21, 2023

Investment banking in Dubai stands out for attracting remarkable hype on social media. You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. Investment Banking in Dubai: The Top Banks The usual U.S.

Banking 96

Banking Start-ups Finance Equity 96

Brian DeChesare

MAY 10, 2023

I’ve found that two main groups care about investment banking in Singapore : Students who are from Southeast Asia and are considering whether they want to work in Singapore, NY, London, or other places. It’s just that it’s smaller than you might expect, which means a lower investment banking headcount than true financial centers.

Banking 94

Banking Start-ups Equity Marketability 94

Brian DeChesare

MARCH 13, 2023

In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Silicon Valley Bank did not “fail” in 24 hours.

Banking 107

Banking Start-ups Equity Treasury 107

Brian DeChesare

FEBRUARY 28, 2024

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? Also, it can be quantitative or fundamental – or both! . –

Equity 59

Equity Banking Start-ups Finance 59

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

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. Although there are some advantages to IB in Canada, it’s almost always better to start a finance career in the U.S. Canada is significantly smaller than the U.S.

Banking 89

Banking Start-ups Private Equity Firm Equity 89

Brian DeChesare

MAY 8, 2024

In short, this banker was an Associate in the FIG team at Bank of America and had a very accomplished track record before joining the firm. Oh, and then there’s my story – how I crashed my car into a tree after working crazy hours – and eventually quit the industry to start this site. Bill Ackman also donated.

Banking 109

Banking Start-ups Finance Equity 109

Brian DeChesare

JULY 5, 2023

If you want to find investment banking league tables , it’s easy: Google the term and add a specific region, industry, or year you’re interested in: “Investment banking league tables us healthcare [20XX]” For faster results, use Image Search to scan the results and find relevant-looking tables. 50 transactions), or fees (e.g., $200

Banking 52

Banking Marketability Equity Start-ups 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

Brian DeChesare

NOVEMBER 30, 2022

Your first thoughts reading this article might be, “Wait a minute, why are ‘private equity exit opportunities’ a topic? But despite the hype, people do leave private equity all the time, whether it’s voluntary or forced. Why Leave Private Equity? Private Equity Exit Opportunity #2: Join a Hedge Fund. Good questions.

Equity 84

Equity Banking Start-ups Marketability 84

Brian DeChesare

MAY 17, 2023

Ever since the 2008 financial crisis, there has been massive hype about both private equity and technology. Over the past few decades, technology private equity has gone from “barely existing” to representing the largest single sector in PE by both deal value and deal count. Why Did PE Firms Start Buying Tech Companies?

Equity 64

Equity Technology Private Equity Firm Start-ups 64

Brian DeChesare

FEBRUARY 15, 2023

When it comes to investment banking in Australia , it’s easy to find complaints online. These complaints center on a few aspects of the banking industry there: Recruiting – People often claim that it’s much more difficult to win interviews and job offers, that nepotism is widespread, and that there aren’t many “side doors” into finance.

Banking 90

Banking Finance Equity Start-ups 90

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? Do you learn anything?

Banking 59

Banking Marketability Start-ups Equity 59

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 70

Equity Banking Start-ups Private Equity Firm 70

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 77

Banking Start-ups Enterprise Value Marketability 77

Brian DeChesare

JUNE 15, 2022

If you look online, you’ll find many threads, articles, and blog posts saying that back office (BO) and middle office (MO) jobs are “the worst” and that if you end up there, your career is over. Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role.

Banking 90

Banking Treasury Start-ups Finance 90

Brian DeChesare

NOVEMBER 2, 2022

In addition to Prime Ministers that serve for only 44 days and questionable weather/food, the United Kingdom is also known as a global hub for investment banking. Many would argue that investment banking in London is second only to New York in terms of compensation, exit opportunities, deal flow, and “prestige.”. Barclays, and UBS).

Banking 75

Banking Start-ups Finance Equity 75

Musings on Markets

JANUARY 21, 2023

In this post, I will begin by chronicling the damage done to equities during 2022, before putting the year in historical context, and then examine how developments during the year have affected expectations for the future. Actual Returns Your returns on equities come in one of two forms. at the start of that year.

Equity 70

Equity Risk Premium Start-ups Dividends 70

Brian DeChesare

AUGUST 23, 2023

Almost nothing is worse than recruiting for investment banking internships , winning an offer, preparing , completing the internship, and then not getting a return offer. All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates.

Banking 52

Banking Start-ups Finance Marketability 52

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. But earlier in 2023, the CFA Institute announced the biggest changes to the program since it started. Complete a part-time internship at a local private equity firm, venture capital firm, or search fund.

Banking 59

Banking Start-ups Finance Private Equity Firm 59

Brian DeChesare

APRIL 13, 2022

They all think they can make a fortune buying and selling stocks; in other words, they’re fans of the long/short equity strategy. When the average person thinks of hedge funds, long/short equity is often the first thing that comes to mind. Probably 90% of hedge fund stock pitches use long/short equity or related strategies.

Equity 86

Equity Start-ups Banking Marketability 86

Brian DeChesare

OCTOBER 12, 2022

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. That said, much of it is better than the junk found on generic websites about how to start a hedge fund. How Does It Work?

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Brian DeChesare

JANUARY 11, 2023

This leads us to the possible impact on investment banking and other finance-related roles. An equity research report ? I’ll expand on these points below, but I want to start with the results of my own testing: My Results from Using ChatGPT for Finance and Coding-Related Questions. But a short story? A 10-page sales letter?

Banking 97

Banking Start-ups Finance Compliance 97

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. percent to 8.9

Banking 59

Banking Book Value Start-ups Technology 59

Lighter Capital

MARCH 11, 2023

The recent news about Silicon Valley Bank is saddening for those in the startup world. If you are new to Lighter Capital We have been helping startups grow without giving up equity for over a decade. If you are in need of financing, you can see if you qualify by , starting an application right now.

Banking 52

Banking Start-ups Finance Equity 52

Brian DeChesare

MAY 25, 2022

You’ll almost always have to deal with private equity headhunters if you want to win offers at mid-sized-to-large private equity firm s. I’ll cover all those points here, but let’s start with the short version of what to know about private equity headhunters: The TL;DR About Private Equity Headhunters.

Equity 52

Equity Private Equity Firm Start-ups Banking 52

Brian DeChesare

MAY 11, 2022

There are few topics as heated as age and investment banking. What should I do with my life if I’m too old for banking?”. If you are older than these age ranges and still want to win a traditional investment banking role, you should start by asking yourself, “Why?” Do I have any chance if I’m above the age of X?

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Brian DeChesare

APRIL 12, 2023

Over time, investment banking recruiting has become more impersonal with developments like HireVue interviews , online tests, and recruiters conducting the initial screens. At some banks and groups in the U.S., OK, But Why Do Investment Banking Assessment Centers Exist? An AC is broader than the typical Superday in the U.S.

Banking 64

Banking Equity Start-ups Enterprise Value 64

Brian DeChesare

APRIL 6, 2022

Ask anyone joining a large bank which group they’re most interested in, and consumer retail investment banking is a likely answer. The benefits of the group are almost like the benefits of getting into investment banking : brand/prestige, technical skills, and exit opportunities. public transportation where it exists).

Banking 96

Banking Start-ups Equity Marketability 96

Brian DeChesare

JUNE 1, 2022

The power & utilities investment banking team has a reputation for being “boring.”. But over time, trends like market liberalization, deregulation, the shift to renewables, and the ESG religion “movement” have shaken up a sleepy sector. ” Different banks classify their power & utilities groups differently.

Banking 93

Banking Equity Book Value Capital Structure 93

Brian DeChesare

DECEMBER 7, 2022

The first thing to understand about investment banking in Hong Kong is that it’s unlikely you’ll ever be able to work in investment banking in Hong Kong. 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.

Banking 52

Banking Equity Start-ups Finance 52