Blog Archives

Bank of America lets go of another Non US business | Deal Insight – Banking Insight

After $50 bln of asset sales thru 2009-2011 the bank was unable to satisfy the Treasury of its dividend plans and barely made the stress test parameters in Q1 as its new plans to go global witha strategy look more

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

Banks making a splash in Q1 Earnings season | Banking Insight

Bank Results Season Q1 2012 Despite M&A activity and Fees down 25% to 40% as also syndicated Lending down 40% in Asia and Europe together, Investment Banking Fees itself is going to rake in $16 bln, a little less than

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Posted in Amitonomics, Banking, US

Coty bids for LatAm boutique Avon | The Deal Economy

The Deal Economy Q1 round up   Firstly of course, everything else that happened in March but you fortgot to chalk up, was scribbled into sensible commentary on the weekend   here  - The Deal Economy _ March 15-31 2012 (Hedge

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Posted in Dealbook, Financial Markets, Mergers etc, Retail Lifestyle, US

The Deal Economy round up (2012 Q1)

Firstly of course, everything else that happened in March but you fortgot to chalk up, was scribbled into sensible commentary on the weekend here  - The Deal Economy _ March 15-31 2012 (Hedge Funds, PE) and here - The Deal Economy Pt II_

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Posted in Banking, Dealbook, US

Bank of America selling more International Assets | Banking Insight

Even as Apollo Corp picked up the Irish and Spanish credit card portfolios of Bank of America this week for EUR 1.3 bln in receivables and loans ata fair rate,  $19 bln in loans in the UK were sold of

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

The Deal Economy: BATS listed, CBOE investigated, AIG Criticised, Deals net $4 bln! | Deal Insight

The Deal Economy showed up fatigue even as Temenos got tired of bidding for Misys and CBOE was put under investigation for its large bank clients misusing multiple platforms including its New Jersey offices of CBSX. CBOE also recently bought

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Posted in Dealbook, Mergers etc

Gary Cohn could take over as Goldman Sachs CEO | Banking Insight

After three members of the Executive Committee were recently replaced, one still empty, the Lloyd Blankfein-David Viniar-Gary Cohn team at the top is still likely to go through more changes even as John Paulsosn’s BankAm exit cost him dearly in

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Posted in Banking, US

European Bank Results Season: A summary year for Bob Diamond’s Barclays

The results announcements do not give Barclays plans away but a comparison between the Retail Banking and Barclay Capital Group Income slides make it so very clear. The Barclays card franchise is back with a growth of 50%+ and UK

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Posted in Financial Markets

Goldman Sachs wins $6 bln in Treasury auction, prices up | Bailout Insight

The infamous Maiden Lane II securities were mostly picked up by Goldman Sachs yesterday and according to Busness Week, the FINRA Trace suggests Goldman Sachs will not be giving it away to investors / hedge funds and PE funds, holding

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Posted in Financial Markets

Can Boards get into Pay agreements ever? | Banking Insight

Tuesday wakes up to UBS results showing a nosedive that automatically necessitated pay cuts to the tune of 40% , including Base pay and the shrinking bonus pool despite the head count reductions UBS is also busy with getting the

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Posted in Financial Markets
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