Who would acquire CS US IB division?
if the US banking arm ofCSis acquired by another bank, who would it most likely be bought by? Would it make sense for aBBfirm likeGSto acquireto获得CSlevfin/FSGplatform which is top of street? Or does it make more sense for a bank like Truist to acquire to expandIBcapabilities.
不确定哪个更有意义,因为我假设获得IBarm in US would be cheap for any other bank either way. Could also be a forcedmerger in whichcase who knows what bank would be involved.
Comments (55)
bump
no chance you're bumping this if you work at Oaktree - answers are obvious to anyone who's worked at US banks
Oaktreeis on the phone withCSlevfin每天
Hello there! We are standing by to step into CS' revolver holds
Jefferies could bea contender. I mean they've already hired a lot ofCS专业人士,为什么不购买全部IBdivision to seal the deal LMFAOOOO
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Learn moreCiti as well。很多senior folks went there
Why when you can just poach talent and not have to take anybalance sheet risk ifthere is any.
同意了。很多CS过去的成功是资产负债表驱动的,所以为什么不向MDS扔现金。这是一家人业务
Head ofIBat Wells is ex-CS guy so wouldn't be surprised
Could also be acommercial bank like companylooking to expand intoIB像CapitalOneor US Bank. CapitalOnebought out TripleTreeIBand has been looking to build out its own M&A practice
CapitalOne is the most likely, they specifically mention it as part of their strategy. Didn'tthey buy KippsDeSantoas well?
Yeah
Maybe the Canadians
Right like anRBCorBMO
RBCsc起了许多CSpeople. Might make sense as a flex on TD's recent acquisition ofCowen
Probably dilutive for a top bank likeGSor MS to take on the entire team, especially with people leaving, and its balance sheet given the lower profitability, makes more sense for a bank where it would move the strategic needle significantly
Array
I would love to seeGS/MS/JPMacquire EVR/Centerview/PJT。造雨人EBpartners with the backing of a堡垒balance sheet would be amazing to see.
富国银行
Hopefully it will be Wells Fargo First Boston and not just Wells Fargo. Or better yet First Boston Wells Fargo (alaJPMorganChase,请注意JPMorgan comes first despitebeing the acquiree).
Yeah bc ChaseJP摩根听起来很恐怖
What isCSIB值得资产明智吗?井的价格为$ 1.88TNtheir latest 10Q。I'm assumingCSIBwould be way below the remaining $120Bn if it's justIBadvisory. Would it include CS's securities too?
Wells makes the most sense but would still surprise me
Lol this girl in my class saidCSand UBS应该合并。当我问她为什么时,她说:“他们俩都是瑞士人BBbanks" and provided no other rationale.
实际上,人们已经猜测了多年...一直以前是08年前,一些聊天顾问在某一时刻被雇用
Sure, and I wouldn't doubt that, but maybe her backing up her thoughts with something more than "they'reboth SwissBBs“将更具吸引力。
Did you share your perspective, or did you run to anonymously post on an internet website and badmouth your classmate
I did share my perspective with her and the other member in my group (who was curious to hear what happened but didn't jump the gun like the first group member I was initially referring to). And as per your smart-ass comment - yes, I also posted on an anonymous forum, as you can clearly fucking see.
什么时候Barclays买了雷曼,他们几乎没有为实际的业务支付任何费用。几乎所有这些都是用于建筑物和书籍中的证券。
That makes sense to me because as bank leaders are fond of saying, the assets go down the escalator every night. There isn't a lot to buy.
巴克莱支付的主要原因something(not much) for the business was that there was strategic value in quickly becoming a real player in the US. I don't know which foreign banks are looking to do that.野村和SMTBare pretty far along I think, but maybe they'd have some interest.
Maybe another European bank with a weak US presence likeBNP?
似乎是一个好人
很多人在这里说富国银行…
Not sure how that would happen as they are under an asset cap
You are not acquiring the firm, Wells would acquire the MD's as referenced below.CShuman capitalis the asset here, notCSthe firm
No one.
You just need to poach high performing MDs.
MDS将带来高质量的AN/与他们一起填补排名。
如果有人会买CSit would be UBS and it would be for the synergies in wealth management andasset managementnotIB。- UBS #1 in global wealth assets acquiring #3 in global wealth assets with lot's of overlap in geographies. Merging wealth and asset management platforms should provide plenty of synergies. The asset mgmt. and wealth businesses are stickier and less volatile. Both of these businesses benefit immensely from scale.IBwas only 30% of UBS op income in 2021 in a year where the department obviously was overearning so it's not as big as you probably think to the overall company as wealth/asset mgmt were most of the rest of op income. Probably makes sense to consolidate both IB's and ER's into each other taking best teams/aspects from each. Obviously can cut alot of back officeand close duplicative office. HQ's in Switzerland are next door to each other and Swiss execs are probably friendly with each other, Zurich is not a big place, metro size puts it just in top 40 US metros so the execs and Swiss likely want to keep as many jobs in Zurich as possible which has better chance of happening this way.... I think it makes sense qualitatively but I haven't done a deep dive.
我同意瑞银是最有道理的。全球许多财富管理协同作用,可以创建一个流线型IBfocused onFSG/M&A/LevFin with big cuts tosales and tradingfunctions. Swiss government has been encouraging the merger for some time - would create one giant Swiss banking behemoth
没有从CSexecs. been to streamline the business and focus on that WM business though? I'm not sure that selling outright is as much of a focus for CS: it may not be at a stage where management is ready to throw the towel.
他们只会偷猎MD。鉴于当前的市场状况,没有银行会考虑购买资产负债表。
Literally this
我的猜测是瑞银/HSBC
物有所值,Bloomberg already posted有传言称,有消息来源告诉他们Apollo和BNP正在研究CS的结构化产品组
RIP poor person who has to diligence something like that.
Bloomberg has turned into the New York Post so that news article is a nonstarter.
Ironically, NYPost actually gets a lot of阿波罗相关的勺子由于某种原因,您实际上是在说在这种情况下它可能是相当高的质量。
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