Today
Morgan Stanley’s Ted Pick to succeed CEO James Gorman
The head of investment banking and trading was one of three internal candidates, as James Gorman steps down in January after 14 years at the helm.
- Sridhar Natarajan
Yesterday
The favourite lunch spots of Sydney’s top bankers
End-of-deal lunches are thinner on the ground these days, but still, bankers have to eat. Here are their top lunch spots in Sydney.
- Aaron Weinman and Jemima Whyte
This Month
MST Financial signs veteran banking analyst Brian Johnson
Long-serving banking analyst has resurfaced six months after he left US investment bank Jefferies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Two things holding back Australia’s IPO market
It’s another year of what could have been for new listings on the ASX. The only way to end the drought is to cut prices.
- Anthony Macdonald
Credit giant Ares hires new partner
Street Talk can reveal Credit Suisse’s head of asset finance for Asia Pacific, Will Farrant, has joined the US investment firm as a partner in its credit group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
More thawing needed to tempt Aussie bankers to Shanghai’s bars
A decade ago, a bankers’ roadshow wasn’t complete without a stop in the Chinese capital and financial hub. They were the good old days of restaurants in high places.
- Anthony Macdonald
- Opinion
- Opinion
Why expenses are a fraught form of fraud
The Citi sandwich case shows why some rule-benders get a lot more sympathy than others. If a company wants to fire someone, the easiest way to do it is to go through their expenses.
- Pilita Clark
- Exclusive
- Private banking
Beyond cash and property: HSBC joins fight for Australia’s ultra-rich
Global investment banks have flitted in and out of Australian wealth management, but this time the country’s family offices are firmly in their sights.
- Primrose Riordan and Aaron Weinman
Can this man reverse Goldman Sachs’ falling profits?
Responsibility for correcting two years of declines at the famed investment bank falls on the head of its funds management division.
- Sridhar Natarajan
- Opinion
- Chanticleer
The curious case of Goldman Sachs’ pay jump
Angst with Goldman CEO David Solomon appears to have stemmed from pay cuts at the bank last year. That’s now reversing, despite an uncertain outlook at the bank.
- James Thomson
Hello Alpine Capital: Wentworth Securities tips deal flow after tieup
Alpine is expected to start marketing a new initial public offering next month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
MA Financial’s big shift raises two fascinating questions
While Andrew Pridham’s firm’s roots are in investment banking, its growth is being made possible by the disruption of the commercial banking sector.
- James Thomson
Goldman CEO to stop DJing in public after backlash
Critics have long argued that David Solomon’s hobby of spinning tracks as “DJ D-Sol” was at odds with his role leading a Wall Street investment bank.
- Simon Foy
The blurred lines between Goldman CEO’s day job and his DJ gig
Insiders say that David Solomon’s high profile hobby risks drawing unwelcome attention at a time when the bank is struggling with its performance.
- Emily Flitter and Katherine Rosman
- Opinion
- Chanticleer
‘It’s bad’: The 9.23pm moment ANZ’s $2.5b deal crumbled
Hedge funds screaming down the phone, 2.26am emails to the client, billions of dollars at risk and a late night “Oh, f---” moment. Justice Mark Moshinsky reveals what it was like inside ANZ’s deal room.
- Updated
- Anthony Macdonald
MA Moelis taps new resources sector boss
The firm has lured Treadstone Resource Partners executive director Adam Bill as its new resource sector coverage lead.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bain Capital-backed Estia in $400m-plus BlueCross auction
Corporate advisor Canterbury Partners has been tapped to run the auction and received indicative bids over the weekend.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BofA kicks off $531m Cuscal IPO bookbuild; pricing out
The end-to-end payments outfit is expected to list on the Australia Securities Exchange by late November.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How crypto is forcing banks, funds towards new digital asset markets
The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?
- James Eyers
Carlyle around the goal for Rugby Australia debt as PE scrum collapses
Sources said the first phase of debt negotiations kicked off before the Rugby World Cup in France and have now entered phase two.
- Sarah Thompson, Kanika Sood and Emma Rapaport
