February
Investment banking grads survive AI test, for now
Local investment banks are adding graduate roles to firms, despite fears artificial intelligence will reduce the need for junior bankers.
Macquarie exits green banking alliance in first for local lenders
The company will follow JPMorgan, Citi and Bank of America out of the Net Zero Banking Alliance after the return of Donald Trump to the White House.
Morgan Stanley loses crown as chief Goldman Sachs rival
Both JPMorgan and Evercore generated more financial advisory fees last year, marking a change in the Wall Street guard.
Banks offload $8.8b in debt linked to Musk’s Twitter takeover
The deal will allow lenders to exit one of the toughest merger-finance transactions in recent years.
January
Banker showdown at the Australian Open men’s final
At the tennis, Jannik Sinner triumphed over Alexander Zverev as three duelling investment banks put on their own show.
Go America a kick in the guts for Australian shares, dollar
The US patriots are having a field day – and it’s hitting Australian markets hard.
Earnings turning point gives ASX bears plenty to think about
Shares prices have raced away while company profits have gone backwards. What happens if earnings start going up, too?
December 2024
JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A
While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.
London Stock Exchange suffers biggest exodus since financial crisis
The main market is set for the fewest listings in 15 years, as the allure of New York grows despite planned UK reforms.
Hospitality entrepreneur backs ex-BofA operative to hang out his shingle
Alex Pikoulas is busy establishing his own wealth management shop backed by Anthony Sullivan of Quantaco.
Foxtel’s UK suitor calls in Bank of America for advice
The group, backed by billionaire Len Blavatnik, is understood to be working with BofA’s telecommunications and media team.
November 2024
Inflation holds at 2.1pc; Biden confirms ceasefire; 15 ASX tech stars
Read everything that’s happened in the news so far today.
SingPost schedules board meeting to anoint FMH winner; eyes on PEP
Sydney private equity firm Pacific Equity Partners is believed to be in pole position; however, the team has not yet secured exclusivity, according to sources with knowledge of the sale.
Advertisers set to return to X as they seek favour with Musk and Trump
Media executives said brands were preparing to advertise on X again, as its billionaire owner was likely to gain influence in the White House.
The day tough-talking investors flipped on a dime
Many fund managers changed their tune dramatically last week. This survey captured it.
British oil and gas giant BP shops 51pc stake in Aussie renewables
Sources said selling a majority stake in the portfolio would help BP kick 100 per cent of the debt (not just 49 per cent) off its balance sheet.
October 2024
Billionaires behaving badly | Wall Street royalty | Why offices should be like hotels
This week, James and Anthony dive into the drama surrounding two billionaire founders, interview Wall Street royalty, and poke about in some of Sydney’s primo office real estate.
Bank of America CEO Brian Moynihan is calling a new markets era
While rate predictions are cheap, Bank of America boss Brian Moynihan is worth paying attention to. He talks us through the cycle.
Melbourne sponsor BGH Capital bankers up for $1b Singapore Post sale
The decision to hire Jefferies is a clear indication that BGH Capital poses stiff competition to the $US1 trillion-plus private capital juggernaut Blackstone.
What, me worry? Labor’s debit card surcharge ban and the $500m IPO
Second-time-lucky ASX aspirant Cuscal has found itself in the midst of sector-wide upheaval as the Albanese government hones in on debit card surcharges.