This Month
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bigwig lenders line up to bankroll Carlyle’s big waste services buy
Confidential documents seen by Street Talk show the Nasdaq-listed asset manager has secured a covenant-lite unitranche loan.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS, Citi, ANZ and CBA navigate fraught Christmas parties
The investment bankers of Sydney held their year-end dos against a backdrop of complex contextual matters.
- Myriam Robin and Mark Di Stefano
Block trade rush trips up investment banks amid league table scramble
A number of massive sell downs in the last month have given equities teams an opportunity to jump up all-important rankings as they position for next year.
- Jemima Whyte and Kanika Sood
Citi names its MD class of 2024
The Wall Street bank elevated 344 new managing directors from across its businesses – one of the largest MD cohorts in its history.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Black Tuesday block fiasco has Citi staring down $50m loss
Snagging an order to sell $1.9 billion of Goodman shares should have been a coup. But the bungled deal has wiped the equities team’s entire annual fee revenue.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Monster $1.9b Goodman Group block recut; Citi tipped to lose $35m
Fund manager sources said the belly flop came down to Citi’s ECM team trying to move nearly $2 billion worth of stock at a super-tight discount rather than a lack of demand for Goodman shares.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Carlyle in exclusive talks to buy Livingbridge’s Waste Services Group
Carlyle is led in Australia by managing director Geoff Hutchinson. The dealmaker has had the bit between his teeth to land his maiden deal at the helm.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How to make it as an investment banking grad (from those who did)
Five investment banking graduates reveal what they wish they’d known when they began their careers as future dealmakers, analysts and sales traders.
- Jemima Whyte
Meet the Hong Kong buyout giant causing issues for PEP and Carlyle
Street Talk understands a third bidder has been hard at work behind the scenes and tipped in a binding offer on Friday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
CBA’s Matt Comyn and the Jim Chalmers dinner switcheroo
Upon discovering their less-than-ideal location, rare is the dinner guest that hasn’t pondered taking matters into their own hands.
- Myriam Robin
‘Stealth sackings’ are the new workplace trend
As companies try to rein in costs and restrict initiatives that do not help profits, workers are wary of being quietly laid off for seemingly minor violations.
- Anjli Raval
Copper drops below $US9000 as Citi slashes forecasts
The broker cut its price target by 10 per cent amid fears that higher US tariffs and underwhelming Chinese stimulus will delay a recovery in manufacturing.
- Updated
- Alex Gluyas
October
Olympus CEO exits after allegation he bought illegal drugs
The company’s shares declined more than 7 per cent, the biggest intraday slide in almost three months, after it said Stefan Kaufmann had resigned all positions.
- Edwin Chan
Inside the trade that put Regal in South Korea’s crosshairs
New details surrounding a block trade in semiconductor giant SK Hynix allow a glimpse into the high-risk, high-reward tactics beneath a mysterious strategy.
- Updated
- Joshua Peach
- Opinion
- Chanticleer
The hottest theme in Australian markets, as voted by 800 investors
Foot traffic and requests for one-on-one meetings do not lie. This year’s hot commodity is an intoxicating blend of AI, tech and real assets.
- Updated
- Anthony Macdonald
- Opinion
- Chanticleer
Buckle up for a bumpy ride as US election gets more unpredictable
Even those with experience and expertise in reading political tea leaves and making conviction calls say this one’s “really a toss-up”.
- Anthony Macdonald
China disappoints with latest stimulus plan
The government had raised hopes of more fiscal pump-priming of the economy after the central bank’s earlier interest-rate relief and liquidity measures.
- Updated
- Jessica Sier
September
Australia’s most powerful deal makers in 2024
If investors step up and hit the bid on those valuations, the market will see real momentum. If not, it will be the same painful conversation about dry powder next year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
US crackdown on cheap Chinese goods adds to Temu, Shein woes
The move threatens to reshape parts of the US retail arena and deflate the excitement that’s accompanied the meteoric ascent of bargain bazaars.
- Jeanny Yu and Olivia Poh