- Business Insider 12:00September 30, 2022Oaktree Capital's Danielle Poli is navigating the credit markets during one of its trickiest periods. But the portfolio manager reckons today's volatility can produce 'double-digit' returns in fixed income.Poli dabbles in multiple asset classes from high-yield bonds to structured credit. This diversity is the ideal way to tackle today's choppy markets, and some products could produce more than 10% in returns.
< Finance, banker of the week, Finance, Capital Markets, Oaktree Capital, Newsletters, 10 Things on Wall Street >
- Business Insider 14:45September 26, 2022Goldman Sachs' bankers get their marching orders as Wall Street starts to purge under-performersGoldman has laid off roughly a dozen bankers from its tech, media, and telecommunications division in New York and San Francisco. The news fuels growing anxiety about cuts on Wall Street.
< Finance, Finance, Capital Markets, Goldman Sachs, investment banking, Layoffs, Newsletters, 10 Things on Wall Street >
- Business Insider 14:50September 23, 2022Gone are the days of chunky bonuses and salary increases. Wall Street's top brass are ready to trim their workforces as annual staff cuts return.When dealmaking was on a tear everyone from junior analysts to big rainmakers commanded fat bonuses and salary increases. The script has flipped as the economy slows, and bank chief executives are ready to wield the ax on lower-performing staff.
< Finance, Finance, Capital Markets, investment banking, Hirings, Layofffs, Wall Street, Newsletters, 10 Things on Wall Street >
- Business Insider 14:30September 15, 2022Private credit is so hot right now, the execs at SALT were raving about it. BlackRock and Owl Rock are taking advantage of banks' pain to win more of this booming part of Wall Street.Asset managers sitting on trillions of dollars in capital are seeing opportunities with businesses that no longer can access the IPO market. Sectors like healthcare and tech are also ripe for new deals.
< Finance, Finance, 10 Things on Wall Street, Newsletters, Capital Markets, Private Credit, investment banking, Wall Street, Salt, Asset Management, private equity funds >
- Business Insider 14:48September 9, 2022Citi just got a reprieve for its $900 million 'fat-finger' Revlon error after a US appeals court ruled that a group of lenders must give Citi back the money.The bank persuaded a federal appeals court to force Revlon creditors to give it back the $504 million worth of money it accidentally wired lenders for a loan.
< Finance, Finance, Capital Markets, Citi, Revlon, Newsletters, 10 Things on Wall Street >
- Business Insider 12:00September 9, 2022Macquarie's Barrie Bloom worked on a pivotal deal for a Hawaii hotel. The Australian bank had never bought equity in a hotel before, but Bloom is turning this sector into a key cog for Macquarie's real estate strategy.Barrie Bloom, a managing director at Macquarie Capital, joined the Australian investment bank in 2020 to cover real estate investments and lending opportunities.
< Finance, Finance, Capital Markets, banker of the week, Newsletters, 10 Things on Wall Street >
- Business Insider 14:30August 30, 2022Startups that rode the SPAC wave are turning to a new tactic for funding lifelines. Here's what you want to know.Unprofitable glass manufacturer View Inc. and electric-truck company Nikola are among the latest to tap into esoteric areas of the capital markets for cash lifelines.
< Finance, Capital Markets, Debt capital markets, View Inc, Startups, Tech, SPACs, investment banking, 10 Things on Wall Street, Finance, Newsletters >
- Business Insider 14:29August 29, 2022Goldman Sachs' healthcare team is bleeding bankers as the junior ranks bemoan longer-than-usual hours and weaker bonus checksSix of Goldman Sachs' first-year healthcare investment-banking analysts, and five associates, have left the Wall Street bank recently on the back of heavy hours for less remuneration.
< Finance, Capital Markets, Newsletters, 10 Things on Wall Street, Finance, People, Goldman Sachs, Healthcare, investment banking, Hiring, Layoffs, Bonuses >
- Business Insider 14:45August 24, 2022Hedge-fund pioneer Julian Robertson has died, aged 90. The founder of Tiger Management not only amassed billlions of dollars in assets, his lasting legacy includes a slew of 'Tiger Cub' protégés.One of the fathers of the hedge-fund world who helped spawn dozens of "Tiger Cubs" has died. He founded Tiger Management in 1980, which peaked with $21 billion in assets under management, and mentored some of the industry's best-known figures, like Chase Coleman and Philippe Lafont.
< Finance, Hedge Funds, Julian Robertson, Tiger Global Management, Tiger Cubs, Investing, Wall Street, Newsletters, 10 Things on Wall Street, Finance, Capital Markets >
- Business Insider 14:40August 18, 2022Firms like Kirkland & Ellis and Skadden lurk law school campuses and offer big six-figure salaries. Despite some students wanting to shun a career in Big Law, many don't have a choice as debt loads mount.Many students dream of a career as public servants, but Big Law comes calling with hefty six-figure salaries, and for many kids, that is an offer that is too good to refuse.
< Finance, Finance, Newsletters, 10 Things on Wall Street, Big Law, Kirkland & Ellis, People, Skadden, Wall Street, Banking, Capital Markets >
- Business Insider 14:40August 15, 2022Deutsche Bank's former co-chief executive Anshu Jain played a big role in turning the German lender into a global investment bankAnshu Jain passes away after years with stomach cancer, Ken Griffin wants interns to hustle, and Carlyle has started the search for its next chief executive.
< Finance, Finance, Newsletters, 10 Things on Wall Street, Anshu Jain, Deutsche Bank, investment banking, Capital Markets >
- Business Insider 14:40August 8, 2022Investment bankers worried about lower bonuses are scouring Wall Street for new jobsInvestment bankers hunt for new gigs to navigate rocky markets, Jack Dorsey's Block hit hard by crypto winter, and Facebook parent Meta makes its debut in the capital markets.
< Finance, Banking, investment banking, Compensation, Hiring, Wall Street, 10 Things on Wall Street, Newsletters, Finance, JPMorgan, Mergers And Acquisitions, Capital Markets >
- Business Insider 12:00August 5, 2022Jenny Lee left JPMorgan's table-topping leveraged-finance desk for a gig with Brigade Capital Management. The dealmaking veteran is taking the plunge into private credit as the market shifts.Meet Jenny Lee, the managing director who just left JPMorgan's leveraged-finance desk after a nearly three-decade career with the bank. She moves to Brigade Capital where she will build its private-credit business.
< Finance, banker of the week, JPMorgan, Brigade Capital Management, Capital Markets, investment banking, Private Credit, Wall Street >
- Business Insider 18:26July 10, 2022Elon Musk's decision to pull a $44 billion deal for Twitter could see Wall Street's top banks lose hundreds of millions of dollars, scuppering one of 2022's biggest pay days.The billionaire's decision to back out of the $44 billion acquisition of Twitter means that banks could miss out on hundreds of millions in fees. But a court battle could force Musk to close the deal.
< Finance, Finance, investment banking, Twitter, Elon Musk, M&A, Capital Markets >
- Business Insider 19:33February 18, 2022The S&P 500 will surge 20% by year-end and recession fears are overblown, BMO strategy chief saysBMO Capital Markets' Brian Belski isn't buying the story that a recession is coming, and thinks US stocks should still rally this year.
< Markets, MI Exclusive, Markets, Stock Market Outlook, S&P 500 target, Brian Belski, BMO Capital Markets, BMO, Stock Market Forecast, US Recession, Bond Yields, US stocks, Federal Reserve, Interest Rates, Interest rates 2022, Stocks >