Jefferies LLC top stories

• New Jefferies CLO team said to ready first warehouse

  

  Jefferies smashed its way into the European CLO primary market this year, hiring a team from the market’s top ranked arranger, Citi, and igniting a hiring merry-go-round. But the boutique bank doesn’t have the balance sheet muscle of its commercial rivals, and observers questioned how it planned to compete in the commoditised world of warehouse lending. Now however, GlobalCapital understands it has sourced external funding and has at least one warehouse already in the works.

  • 29 Oct 2020

• UBI miscalculated takeover bid value, says Intesa

  

  After UBI Banca said that it would not be taking up Intesa Sanpaolo’s acquisition offer because it was too risky for UBI’s shareholders, Intesa said on Monday that the value of the offer is higher than its target believes.

  • 06 Jul 2020

• People moves in brief

  Deutsche gives Toomey position as head of new group — Gimpel leaves Citi, has fintech idea — Moelis hires Whelchel for private capital team

  • 18 Jun 2020

• Markets positive on UniCredit despite surge in loan loss provisions

  

  Analysts have praised UniCredit for taking a conservative approach to dealing with the coronavirus pandemic, after the Italian bank said on Wednesday that it would be making higher loan losses provisions in the first quarter than had been expected by the market.

  • 22 Apr 2020

• Jefferies CFO dies of coronavirus complications

  

  Jefferies said on Sunday that its chief financial officer, Peregrine ‘Peg’ Broadbent, had died of coronavirus complications. Broadbent had been CFO of the group since 2007, and helped it more than double in size.

  • 30 Mar 2020