This Month
The Trump slump that could be good for Australia’s war on rising costs
While the RBA is worried global tariffs could hit Australia’s economy, commodities strategists say the oil price will keep sinking. That’s important.
How billionaire elites answered Trump’s call on Panama
Li Ka-shing, Larry Fink and Adebayo Ogunlesi picked up the phone and struck a $36 billion deal to take over 43 ports within weeks.
Citi copy-paste error sends $9.6b to customer
The bank said it “promptly identified and corrected this inputting error” but it came the same month as $US81 billion was accidently sent to a different client.
The pay gaps at Morgan Stanley, Barrenjoey, UBS
The gender pay gaps in the top tier of Australian finance are the largest in the country.
February
Real Pet Food appoints Citi for $1 billion sale
RPFC is one of the largest pet food companies in Australia and the biggest producer of fresh chilled pet food in the world.
Chalmers courts Blackstone, Citi in big super’s US push
The Albanese government is hoping to highlight the two-way investment opportunities between the US and Australia in the hope of wooing the Trump administration.
Packer leads push to sell Australian super to the US
James Packer will play a leading role in a push by the $2.8 trillion superannuation sector to sell the success of the Australian pension savings system to the US.
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.
Citi’s head of sponsors resigns; heads to Rothschild
Marrison was among Citi staffers elevated to managing director in December after a solid 12-months.
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.
January
Canaccord Genuity beefs up roster of talent; hires from Citi
Street Talk understands the mid-market stockbroking and corporate finance specialist has poached Citigroup director and TMT head Sam Forman.
Why it’s too early to dive back into ASX mining stocks
Citi is warning investors not to get sucked in by the cheap valuations in the resources sector that is still reeling from a turbulent 2024.
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.
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.
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.
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.
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.
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.
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.