Banks could be moved out of leveraged lending

Banks could be moved out of leveraged lending

Wall Street banks finally moved a big chunk of acquisition debt recently, but investors shouldn’t get hung up on it. What they should be worried about is that the banks are not doing enough deals. Investment banks across Wall Street including Bank of America, BAC -2.37% Credit Suisse CS -12.10% and Goldman Sachs GS -3.50% … Read more

Citrix Debt Deal Prices With Big Losses For Banks

Citrix Debt Deal Prices With Big Losses For Banks

Investment banks including Bank of America corp. BAC -2.99% Credit Suisse Group AG CS -1.38% and Goldman Sachs Group Inc. GS -0.79% is on track to shed a combined more than $500 million on debt backing the biggest U.S. leveraged buyout of the year after it was sold to investors at a steep discount. The … Read more

Citrix Debt Deal Prices With Big Losses For Banks

Citrix Debt Deal Prices With Big Losses For Banks

The sale of the debt to Citrix has been closely watched by private equity investors. Photo: David Paul Morris/Bloomberg News 21 September 2022 at 10:05 a.m. ET Investment banks including Bank of America corp. BAC -0.83% Credit Suisse Group AG CS 0.10% and Goldman Sachs Group Inc. GS 0.49% is on track to shed a … Read more

Junk-Loan Defaults Worry Wall Street Investors

Junk-Loan Defaults Worry Wall Street Investors

Financial pain is spreading in the junk-loan market, showing how interest-rate increases are hurting debt-laden companies and worrying investors that a credit crunch looms as the economy slows. Defaults on so-called leveraged loans hit $6 billion in August, the highest monthly total since October 2020, when pandemic shutdowns hobbled the US economy, according to Fitch … Read more

Market chaos triggers a drought for concluding agreements

Market chaos triggers a drought for concluding agreements

An uncertainty about the direction of the economy and markets has put a damper on mergers and acquisitions.

Broadcom’s software president resigns, duties change to CEO

Broadcom’s software president resigns, duties change to CEO

The President of Broadcom the software company leaves the company for another job, where his responsibilities are transferred to the CEO Hock Tanaccording to a statutory application. Thomas Krause leaving to become CEO of the merged company of Citrix systems and Tibco Software. Vista Equity Partners and Evergreen Coast Capital Corp., the private equity division … Read more

Banks are burned by risky debt, threatening acquisition activity

Banks are burned by risky debt, threatening acquisition activity

By Laura Cooper July 3, 2022 at 9:03 ET Listen to the article (2 minutes) Investment banks are facing huge losses on leveraged buyouts, which they have agreed to finance before the markets soured, further cooling the outlook for trading activity. Bank of america Credit Suisse Group and Goldman Sachs Group Inc. is among the … Read more

Banks are burned by risky debt, threatening acquisition activity

Banks are burned by risky debt, threatening acquisition activity

By Laura Cooper July 3, 2022 at 9:03 ET Listen to the article (2 minutes) Investment banks are facing huge losses on leveraged buyouts, which they have agreed to finance before the markets soured, further cooling the outlook for trading activity. Bank of america Credit Suisse Group and Goldman Sachs Group Inc. is among the … Read more

Kohl’s Proxy Fight Victory is just the beginning

Kohl’s Proxy Fight Victory is just the beginning

A bitter campaign and a poison pill later, Kohl’s has become the victor in the proxy battle against an activist investor. But that is only the beginning of the department store chain. On Wednesday, Kohl’s shareholders rejected activist investor Macellum Advisors’ push to replace up to 10 directors. Macellum had renewed its push for changes … Read more