US financial giant Morgan Stanley is setting the tone by reducing bonuses for investment bankers by up to 15% following a challenging year for M&A. Wage specialists anticipate even greater declines at other financial institutions. The corporate reporting season on Wall Street has already begun. On Friday, US banking giants J.P. Morgan, Citigroup, Bank of […]
US asset manager Blackrock is set to acquire an investment portfolio worth over $100 billion for $12.5 billion. The deal is being orchestrated by two former Credit Suisse bankers.Blackrock has agreed to the acquisition with the investment platform Global Infrastructure Partners (GIP), as announced on Friday. The purchase price of $12.5 billion will be paid […]
Europe-based asset management firm CoinShares is set to acquire Valkyrie’s crypto-focused exchange-traded funds (ETF) investment advisory business, marking its entry into the U.S. market. This move follows the recent approval of Valkyrie’s spot Bitcoin ETF, the Valkyrie Bitcoin Fund (BRRR), by the U.S. Securities and Exchange Commission (SEC).The acquisition is part of CoinShares’ strategy to […]
CoinShares, a European investment company, has announced its decision to acquire Valkyrie Funds LLC, the investment advisory arm of US digital asset manager Valkyrie Investments Inc. This move is a direct response to the US Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin ETF, ‘The Valkyrie Bitcoin Fund (BRRR)’, which began trading on […]
UBS Group AG has announced its intention to propose Gail Kelly for election to its Board of Directors at the Annual General Meeting, which is scheduled for April 24, 2024. Kelly, a seasoned professional in the financial services industry, boasts over three decades of experience and is expected to bring her extensive leadership skills to […]
UBS Group AG has announced its intention to nominate Gail Kelly for election to its Board of Directors at the Annual General Meeting on April 24, 2024. Kelly, a seasoned professional in the financial services industry, is expected to bring her vast leadership experience to the Swiss multinational investment bank and financial services company.Throughout her […]
Mizuho, a Japanese bank, is making strategic moves to expand its global dealmaking team. As part of this expansion, the bank has recently hired a UK investment banking veteran, Tim Waddell, to join its board. Waddell’s appointment comes as Mizuho seeks to grow its investment bank in Europe.Waddell, who has spent decades at large investment […]
The decline of Credit Suisse last year has significantly altered the Swiss banking industry, particularly in the corporate customer business where substantial adjustments are anticipated, according to the latest EY Banking Barometer.The restructuring of the Swiss banking landscape following the takeover of Credit Suisse by UBS is expected to have long-term effects. The EY Banking […]
Swiss banking giant UBS is looking to sell the Chinese securities business of Credit Suisse, but few potential buyers are showing interest. Amid geopolitical tensions and increasing regulatory challenges, international banks in China are facing difficult conditions. UBS, which has been building an investment banking business in China for nearly two decades, is now trying […]
In the aftermath of the CS collapse, it’s not ZKB, Vontobel, or Benko-Bär that are reaping the most benefits, but EFG. The private bank, with Boris Collardi as a shareholder and board member, is scooping up as many executives and advisors from the fallen Paradeplatz power as it can.Manuel Blanco, a seasoned private banker with […]
