On February 19th, 2019 the Chinese internet giant Alibaba raised its stake in CICC, one of China’s leading investment banking firms, to nearly 5% for $231mn. This is the latest of a series… Continue reading
On February 11th, 2019 Morgan Stanley acquired Solium Capital, a large equity plan administrator, for $900m, a 40% premium over the recent trading price. This is the biggest acquisition in a decade for… Continue reading
On February 7th, 2019 BB&T Corp. announced a deal to buy Suntrust Banks Inc. for $28.2bn, creating the sixth-largest US commercial bank. This is the largest US bank merger since the great consolidation… Continue reading
Companies Overview Invesco Ltd. Invesco Ltd. is an American independent investment management company headquartered in Atlanta, United States, and listed on the NYSE. The firm was originally incorporated under the laws of England… Continue reading
Deutsche Bank or the art of tripping over coffee tables Deutsche Bank AG is a German financial giant, founded in 1870 and headquartered in Frankfurt. It operates with more than 100,000 employees in… Continue reading
Companies overview Virtu Financial Inc (NYSE:VIRT) Virtu Financial Inc is a financial firm whose main businesses are market making and high-frequency trading based in New York. It was born in 2008, when Vincent… Continue reading
On Monday 6 March 2017, Standard Life and Aberdeen Asset Management announced an agreement aimed at creating the U.K.’s largest fund manager, through an £11bn ($13.5bn) all-share transaction. Standard Life has a market… Continue reading
London Stock Exchange Group (LSE:LSE) and Deutsche Börse (DB1X.N:GER) have agreed to merge and give birth to the largest European stock exchange group with a combined market capitalization of over $6tn. Industry Overview… Continue reading
After months of intense talks, on March 23, Banca Popolare di Milano (PMI:IM) and Banco Popolare (BP:IM) agreed to merge and to form the third largest bank in Italy by assets (€170bn). The… Continue reading