Jefferies LLC

Hit by an alleged ‘fraud’ at the bankrupt US car parts maker, Wall Street’s last pure play investment bank has its sights set on European leveraged finance as it expands its alliance with SMBC

With private equity plateauing and private credit booming, banks are anxious not to get left out of the party

The US bank is aiming to disrupt the corporate finance elite this year

Firm cuts two senior bankers from its UK investment banking team while the head of bank research team has resigned.

The US challenger has embarked on another aggressive round of hiring from rivals. Armed with a balance sheet, it wants to break into Europe’s top five

The European timezone is crucial for ambitious investment banks, but presents unique problems. How to cover it efficiently is causing internal tension, especially for US banks.

◆ Japanese lender moves first in dollars before CPI roils rate cut expectations ◆ Conditions stabilise by Thursday as Jefferies brings its largest bond ◆ New supply to follow April 12 bank earnings

◆ All issuers complete deals with seemingly no competition among them ◆ Three banks choose short and mid range maturities to tap different investors ◆ Market remains receptive for more issuance

MPS has been on a strong run since its last recap, aided by rising interest rates in the eurozone

The biggest IPO of 2024 so far in Europe has delivered a welcome bounce in the aftermarket

The German cosmetics retailer fell over 7% below its IPO price on the first day of trading

The final size of the base deal will be Sfr2bn after the IPO was priced at the top of the range