HSBC Global Banking and Markets’ Post

``Net new client funds brought in under Young’s remit came to almost $14 billion during the second half of last year, people familiar with the matter said. She’s using her ties with UBS investment bankers hailing from Credit Suisse to win business from ultra-rich clients. And former Credit Suisse operations in Southeast Asia, one of her areas, broke even early this year for the first time since the merger." #UBS #wealthmanagement #Asia #privatebank https://lnkd.in/gPgvchK4

I have just completed HSBC Global Banking and Markets Completed a simulation focusing on the type of work undertaken by the Investment Banking and Markets teams in Global Banking & Markets (GB) at HSBC ldentifying the strategic rationale for mergers and acquisitions And the refined goal. Analyze transaction data to develop a summary of capital markets activity Debit (DCM) Identical financial products for different client #HSBC #Forage

As two great companies Brickendon Consulting has supported over the years, very interesting to see this announcement and the value a combined UniCredit and Commerzbank AG could create for customers and shareholders.

- OCBC Bank reported a 12% increase in net profit to $1.62 billion in Q4 2023, driven by higher operating profit and reduced bad loan allowances, but missed analyst expectations. - Full-year earnings surged 27% to $7.02 billion, crossing the $7 billion threshold for the first time, with expanded margins in key markets. - Despite anticipating challenges in 2024 amidst global growth slowdown, OCBC aims for low single-digit loan growth and focuses on acquisitions in ASEAN markets to bolster its presence. To know more, read the full article on #theenterprise #OCBCBank #FinancialResults #EarningsSurge #Acquisitions #MarketOutlook #globalbusiness #theenterprisenews #followformore #global #finance

Just in: Goldman Sachs and SWF Mubadala struck partnership deal of $1bn in private credit Goldman Sachs Asset Management and Mubadala has partnered up to invest alongside each other in effort to expand presence in the private credit space, particularly in APAC with a focus on India, reports Bloomberg. Goldman currently has $110bn private credit AUM and plans on doubling it. Follow for the latest update in private credit and alternative investment. #privatecredit #privateequity #goldmansachs #investmentbanking #assetmanagement

Major Merger: RBC Acquires HSBC Canada in Landmark Deal In big news for the banking world, HSBC Holdings has just sealed the deal to sell its Canadian arm, HSBC Bank Canada, to Royal Bank of Canada (RBC) for a whopping $9.96 billion. This marks a significant move for both parties, with HSBC estimating a substantial gain of $4.9 billion from the transaction in the first quarter of 2024. The acquisition signals RBC's ambitious push to strengthen its foothold in the domestic market and enhance its global presence. With the integration of HSBC Canada's branches and offices into RBC's network, the transition is set to begin promptly, with operations slated to commence under the RBC banner starting April 1. However, the merger hasn't been without its fair share of controversy. Opposition from environmental and anti-monopoly groups, alongside concerns raised by conservatives regarding industry concentration and potential consumer fee hikes, posed significant challenges. Notably, this deal represents the largest consolidation in the Canadian banking sector since the early 1990s, when regulatory barriers thwarted RBC's bid for Bank of Montreal.

Last week, I showed the Q1 global M&A Advisory rankings - but how does it look like in the Swiss market? 👉 In terms of deal value Deutsche Bank jumps from rank 13 to 1 with a deal value of 11bn+ 👉 followed by J.P. Morgan & UBS 👉 In general, the deal value increased significantly 👉 in terms of deal count Baker Tilly takes the top spot with 6 deals 👉 followed by UBS & Rothschild & Co with each 5 deals The deal value increases and the first large IPO in 2024 in Switzerland was a success - what is to come for the rest of the year? The announcement of maybe not decreasing the interest rates in the US might have an influence on the outcome of this years M&A market. Let me know your thought. #wheredealsaremade #SwissMA #Investmentbanking #mergersandacquisitions

Goldman Sachs recently acquired 8.1 million shares of Vodafone through its FPO at a price of Rs 11 per share. However, they have now issued a target price of Rs 2.5. This raises concerns about potential conflicting interests, highlighting the challenge of fully trusting the buy-sell recommendations provided by brokerage firms. #research #sellsidereports #equityresearch #valuation #stockmarket

The Australian Competition Tribunal approved ANZ's $4.9 billion takeover of Suncorp's banking arm, overturning the ACCC's previous rejection and moving ANZ closer to expanding its retail banking presence. The tribunal cited factors like the emergence of Macquarie as a competitive force and the predicted public benefits of the merger, which is expected to not substantially lessen competition in key markets. Completion of the deal awaits approval from Treasurer Jim Chalmers and legislative amendments in Queensland, with ANZ's acquisition viewed as a significant milestone in the banking sector's consolidation. Follow Outback Briefs to stay up to date with Australian Business News! #australia #australianews #businessnews #anz #suncorp #merger #ausbanking

Deutsche Bank is urging its M&A rainmakers to chase more lucrative mandates after a recent hiring spree that brought in top dealmakers from Citi, Bank of America, Credit Suisse, Morgan Stanley and Lazard. Bankers are being told to prioritize mandates for $500 million-plus deals with the potential to earn at least $3 million in fees. The guidelines are even higher for private equity deals. The move comes as dealmaking volumes slump and CEO Christian Sewing tries to rein in costs. Read more in our scoop from Manuel Baigorri, Arno Schuetze, Elffie Chew, Pei Li and Dong Cao: https://lnkd.in/gNT6xJMn