Thomas Ruppel’s Post

We lay out the case for why issuers should take advantage of strong technicals and robust investor demand to pursue a variety of opportunistic transactions including refinancings, repricings, and dividend deals. We also offer examples of transactions Jefferies has recently led that capitalized on these more favorable conditions. https://ow.ly/1cvN50Qu7BY

US bank mergers would face steeper regulatory hurdles under new guidelines that the Federal Deposit Insurance Corporation (FDIC) is set to adopt, Bloomberg reported. The FDIC’s plan, the latest in the Biden administration’s effort to clamp down on consolidation by financial firms, would add layers of scrutiny that more directly take into account the effects on financial stability, competition, communities and customers. The agency’s board scheduled a meeting to vote on the new guidance. #MergersAcquisitionsDivestitures #Bank #Insurance

❗ Big News in the Banking World! 🏛 CFPB Director Rohit Chopra recently spoke at the Peterson Institute for International Economics, advocating for a major overhaul of bank merger reviews. A light was shed on the critical need for a comprehensive review of bank merger protocols. With a call to action for the Attorney General to reassess the Department of Justice’s guidelines, established back in 1995, the landscape of bank mergers is poised for significant changes. 👉 Why This Is a Game-Changer: These changes could reshape the banking landscape, affecting everything from consumer choices and fair competition to how businesses strategize for growth. 👀 Stay Informed: At EDGE Legal we're keeping a close eye on these shifts to help you understand and navigate the potential impacts on your business or personal finances. #EDGELegal #banking #competition #consumers #financialinclusion #edgelegalconnect

JPMorgan Chase & Co.'s Jamie Dimon: 'Proxy advisers have undue influence'. JP Morgan Chase chair and CEO Jamie Dimon has taken aim at proxy advisers in his annual letter to #investors, arguing they have “undue influence” on shareholder voting. Check out Cristian Angeloni’'s latest article 👇 https://lnkd.in/e7vhX-PJ #investment #investmentmanagement #wealthmanagement #finance

Past thinking: "When it is time to sell, there will be a buyer." Present thinking: "How can we best build our bank today to maximize our future?" Building a bank to own forever, but fully optimized to sell at any time. Ultimate optionality. High preparedness, low urgency. Ultimate value. Yesterday, in my free weekly newsletter "The Savvy Banker" we're going to go a little deeper on the topic of "Bank Mergers: The LOI is signed – Want to know the right way to manage the bank?" Click here to subscribe: https://lnkd.in/gS8ZsFyc ===== I'm not a lawyer, an accountant, or an investment banker. I'm just a banker who has been in your shoes. You can catch my posts on LinkedIn at 7:10am and 4:10pm daily (weekends & holidays too!)

As M&A activity reaccelerates, investors have been busy not just finding deals, but financing them. Gilles Dellaert, Global Head of #Blackstone Credit and Insurance, identifies the sectors we believe hold the most promise for #privatecredit in 2024 and beyond. Watch more: https://bit.ly/4cIjL8G

Our featured scorecard this week is Benefit Street Partners CLO XXXIV- Benefit Street Partners This deal has been arranged by Goldman Sachs and Milbank LLP acting as manager counsel. Key features in this deal include pluralized post-reinvestment maturity match language, limited restricted trading period impact & step-up and step-down obligations can each comprise up to 2.5% of the collateral. Access this scorecard and more, reach out to contact@dealscribe.com. #match #maturity #collateral #obligations #CLO #realintelligence #thedevilisinthedetail

More than 9 out of 10 banking M&A deals are among community financial institutions. With 90% of financial institution CEOs reporting plans to engage in M&A by the end of the year, smaller institutions are under pressure to operate at larger scale. #bankmergers #creditunionmergers

Look at the consolidation of just 1 major bank before the 2008 financial crisis. These types of mergers raise a host of concerns, and chief among them is the threat they pose to the financial system, the economy, and the standard of living for every American. That's why our latest comment letter calls on the Federal Deposit Insurance Corporation (FDIC) to do more to protect Main Street from problematic bank mergers. Learn more here: https://lnkd.in/e8Ukai5M

Dealmaking reignited * Investment bankers and underwriters at JPMorgan Chase & Co. and Citigroup Inc. posted their best second-quarter in three years as merger activity and debt capital markets began to rebound. * Even Wells Fargo & Co., smaller in those areas, saw fees from that business leap 63% to $634 million. * Investment banking pipeline is ‘quite strong - Citi * The value of deals globally rose 13% to $1.5 trillion in the first half, compared with a year earlier. Source: Bloomberg Dealmaking Reignites for Banks Just as Consumers Start to Falter https://lnkd.in/e7J_YYaj