Yesterday
Think private credit fears are overblown? Think again, says Deutsche
Apollo Global Management, BlackRock and Blue Owl have played down concerns about systemic risk in the private credit sector. The German bank isn’t so sure.
This Month
High fees and office feuds dog Morgan Stanley WM leavers
Granite Bay, the freshly minted private wealth business spearheaded by ex-Morgan Stanley advisers, has some skeletons in its closet.
Morgan Stanley says Australia at ‘front of the queue’ for oil hit
The Wall Street investment bank’s strategists have told clients that an extended conflict in the Middle East could have an outsized hit to earning on the ASX.
Shares of big four banks at risk after RBA rate rise
Morgan Stanley has warned that earnings of Australia’s largest banks could fall by as much as 11 per cent if higher borrowing costs sends Australia into a recession.
$A surges with the RBA poised to raise rates and flag more to come
Traders have piled into the Australian dollar before the Reserve Bank’s key rate decision. It is expected to be the odd one out among eight major central banks meeting his week.
Sounds familiar? Retail radio has a captive audience
Chemist Warehouse Remix, Bunnings Tradio - every major chain now has its own soundtrack, and they are taking a bite out of traditional radio stations.
Even war can’t stop private credit’s cockroach fear feeding on itself
An avalanche of fresh angst is smashing the private credit sector. Real problems appear limited, but that isn’t stopping fear spreading.
The Ozempic-era supermarket aisle is a very different place
From Coles and Woolworths to fast food chains, a phalanx of thinner and healthier customers is forcing a rethink of what products are going to sell.
The gender pay gaps at Australia’s top investment banks revealed
Investment banks record some of the largest pay gaps in Australia. At Morgan Stanley, Goldman Sachs and UBS, the average gap exceeds 50 per cent.
February
Chalmers eyes budget upgrade as gold eclipses gas exports
The gold rally marks the latest in a string of revenue windfalls for the Albanese government, which has also benefited from a jobs boom and soaring energy prices.
Morgans mafia have some Firmus of their own
The hottest IPO of the year has some bankers personally along for the ride.
SaaS wreckage will have some survivors, says Wall Street veteran
Thirty years of tech sector deals makes this banker think we’re near the bottom of the SaaS-pocalypse.
La Trobe courts fundies for $1b-plus initial public offering
While the float plans have not been signed off officially, Brookfield head of private equity Len Chersky is leaning towards this exit route
Parking giant Wilson Group eyes payday at self-storage portfolio
Potential bidders have the flexibility to partner with Wilson Storage to continue to scale the business, or acquire the portfolio without the management.
Cockroach alert: Private equity’s software mess could hit super funds
The plunge in tech stocks on global sharemarkets has been nasty, but private credit also has even more exposure to the sector. That’s a problem.
Citigroup bumps CEO Jane Fraser’s pay to record $59m
The 22 per cent increase in remuneration makes her among the best paid Wall Street bank CEOs – and just shy of JPMorgan boss Jamie Dimon’s package.
Hedge funds finally cash in on their bets against Corporate Travel
Totus Capital and Solaris are enjoying huge paydays after buying back borrowed shares in the beleaguered company significantly below its latest traded price.
Gold miners rush to join the large caps, pushing out blue chip names
At least four gold producers are set to reach the ASX 100 next month, forcing large and small-cap fund managers to revisit their portfolios.
From tailored suits to a new Rolex, bankers splash bumper bonuses
It has been the best payday since the pandemic, and investment bankers have not wasted the opportunity to assess their career options, and their lifestyles.
January
JPMorgan banker bonuses pop as Wall Street bank goes on hiring spree
The Wall Street investment banking giant saw global fees for deal-making fall, but its local advisory business shared a bumper pay day after a busy 12 months.
