Financial Times’ Post

Sarria - Credit Opportunities 🔥🔥 🔥 Week in Review 🔥🔥 🔥 Initiations: 🇫🇷Emerie (French - Services Business) 🏠 We conducted an initial review focusing on fundamentals and took a view on how to trade this name. 🇩🇪 Global Fashion Group (German - Retail Operator) 💃 We evaluated various elements from cash burn to valuations and what would benefit the different groups of stakeholders. Model Updates: 🇫🇷 Altice SFR (French - Telco Operator) 📞 The report, "Waiting Game," expands on our market analysis, examining recent price movements and how this impacts profitability and cash flow. 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Matalan (UK-based Retailer) 👕 The report, "Not the Usual Pattern," provided clients with a quick update following the disappointing Q4 results but with liquidity, a little thin on the ground discussed the timing of a trade. 🔥 Other Activities: The team has also been actively discussing a range of credits with clients, including Lowell, Asda, Ardagh, Thames Water, Atos, Vivion, OHLA, Clariane, Intrum, Branicks, Viridien (CGG), and Ardagh Glass Group. 🚀 Upcoming: This week promises to be equally busy with three new credits set to reach our clients' desks soon. 🙋♂️ Stay Informed: Did you miss our emails? Sign up for our newsletter here: https://bit.ly/3mgFWgB ✨ Interested in Our Services? ✨ Want a fundamental bottom-up analysis that utilizes forecasting models, includes legal overlays, and relevant game theory to provide a clear and unbiased assessment? Our experienced team of senior analysts are on hand to do the heavy lifting and get you up to speed on names quickly, answer questions, and discuss ideas.  👇 👇 👇 👇 Not a client? Want to hear more about what we do? DM Malika Varsani #highyieldbonds #distressedassets #distressedcredit #assetmanager #fundame #levfin #restructuring #specialsituations #capitalmarkets

#snsinstitutions #snsdesignthikers #designthinking The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending. Many scholars trace the historical roots of the modern banking system to medieval and Renaissance Italy, particularly the affluent cities of Florence, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.[1] The most famous Italian bank was the Medici Bank, established by Giovanni Medici in 1397.[2] The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.[3] Until the end of 2002, the oldest bank still in operation was the Banco di Napoli headquartered in Naples, Italy, which had been operating since 1463.

Sarria - Credit Opportunities 🔥🔥 🔥 Week in Review 🔥🔥 🔥 Model Updates: 🇦🇹 AMS Osram (Austria - Industrials) 💡 The Investment Memo, “Clearer Road Ahead”, reviews the Q2 results and discusses the exit of the sale and leaseback agreement concerning the Kulim factory. At the same time we reaffirm our positioning. 🇪🇸Antolin – (Spain - Industrials) 🚘 Following the better-than-expected results, the Investment Memo: “Speeding into H2 2024”, analyses key execution risks and longer-term concerns for the credit from the perspective of current investors. 🔥 Other Activities: The team has also been actively discussing a range of credits with clients, including Altice International, ASDA, Atos, CGG, CPI Properties Group, Iceland, Intrum, Ocado, OHLA, Stonegate, Thames Water and VMEDO2 Recent Initiations: 🇩🇪 CPI Properties Group – (Czech Republic - Real Estate) 🏠 🇪🇪 AB Graanul Invest – (Estonia – Energy) ⚡️ 🇱🇺 Global Fashion Group – (Luxembourg – Retail) 🛍️ 🇫🇷 Emerie – (French – Services) 🏢 🚀 Upcoming 🚀 Keep a look out for the first-look reports on Grifols and Consolidated Energy this week. Did you miss any of these updates and want to discuss these names with our team – get in touch – [email protected] 🙋♂️ Stay Informed: Did you miss our emails? Sign up for our newsletter here: https://bit.ly/3mgFWgB ✨ Interested in Our Services? ✨ Want a fundamental bottom-up analysis that utilises forecasting models, includes legal overlays, and relevant game theory to provide a clear and unbiased assessment? Our experienced team of senior analysts are on hand to do the heavy lifting and get you up to speed on names quickly, answer questions, and discuss ideas. 👇 👇 👇 👇 Not a client? Want to hear more about what we do? DM Malika Varsani Wolfgang Felix Tomas Mannion Aengus McMahon Saahil Dey Martha Chagas Felix #highyieldbonds #distressedassets #distressedcredit #assetmanager

Wow, what a groundbreaking meeting! Bankers meet with Bausili and guess what? No special plan to deal with the Leliq "bola." Find out more about this riveting development at the link below. https://ift.tt/JASxLnt

What is BIL Suisse doing to stay competitive? Where is the Wealth Management industry heading? What were the key factors for BIL Suisse to be recognized for having outstanding Client Service? How are we serving entrepreneurs and families? The latest Acclaim publication, features an interview with Hartmut Vollmer, Head of Wealth Management and Remy Savoya, Head of Corporate & Institutional Banking, discussing the questions above. To learn what they had to say, we invite you to click on the following link: https://lnkd.in/drnQidjW #WealthManagement #BILSuisse #ClientService

I am happy to announce that I'll be attending the 4th Edition of SmithNovak, NPL Europe event in London, March 6-7. 2024. moderated by Maja Zgajnar. This year's focus on the panel discussion I am attending as the speaker is incredibly timely, diving deep into the economic conditions and the evolution of Non-Performing Loans (NPLs) in Montenegro, within the crucial CSEE region. The event promises insightful discussions on the ongoing regulatory activities surrounding credit risk and NPLs and the current interest rate environment and its implications for banks' portfolio quality. As professionals in the finance sector, understanding these dynamics is key to navigating the challenges and seizing the opportunities in the NPL market. I'm looking forward to sharing valuable insights with industry experts and more the 350 attendees, connecting with peers, and discussing the latest trends and solutions in the NPL landscape. Stay tuned for updates as I share key takeaways from the event! Let's connect if you're also attending or interested in the evolving world of NPLs. Hipotekarna Banka #NPLEurope #SmithNovak #FinanceEvents #BankingSector #CreditRisk #Networking #ProfessionalGrowth

“Me, Myself and I”, part 1 TLDR at the bottom Last time, I wrote about how enriching it is to stay in touch with the people I meet along the way (https://lnkd.in/eXc35ZEB). A month ago, my friend Yannick Ngarambe wrote about the importance of receiving and accepting help and support (https://lnkd.in/ew5a5EQk). Today, I want to highlight the importance of partnerships and why I wouldn’t want to have to function without them. There is no Me, Myself and I... So, what constitutes a #partnership? Personally, I consider whoever I share a part of my path with a partner. Everyone I meet can add #value to my life and I like to think that this feeling is mutual. There is only so much you can accomplish alone (not a lot), so for anything you may want to achieve, you can have a lot of a little or a little of a lot. I don’t really believe in self-made-anything. Whoever is honest enough will have to admit that they never really achieved anything significant strictly by themselves. You can really only call it a partnership if it is mutually beneficial, so we’ll need to agree on common goals, find common denominators, agree on what and how much every partner can #contribute, #negotiate needs and interests and sometimes #compromise for the greater good. This can be explicit or implicitly understood, but you “gotta give some to get some”. In my case, not only friends and family are considered partners but also all my professional relationships. Business is always personal and these partnerships are not just professional, they are "pro-personal". All the ndgit customers I currently work with provide value not just to ndgit’s success, but also to my personal growth, so I would like to mention some of them here: Sven Lenz and everyone at Inventx AG Dominique Brodbeck and everyone at Hypothekarbank Lenzburg AG Dina Schoch and team at UBS Milena Wojsław, PMP and team at Credit Suisse Danilo Redaelli and the colleagues at Cornèr Banca SA Martin Kaiser and the team at Baloise And just as importantly, all the colleagues I interact with on the daily: Oliver Dlugosch, Wolfgang Bräu, Mathias Bräu, Louis Giess, Marc-Andre Bewernik, Carina Glöckner and etc. But also all my new colleagues at Qwist around Nicola Breyer, Daniel Koenen and their teams. So who do you partner with in your professional life? How do you choose partners? How do you handle conflict and ensure willingness to find a mutually beneficial compromise? TLDR - Everyone I interact with can add value and I can add value for them. If we walk on the same path for a bit, we are partners - I never have, nor will I ever achieve anything entirely by myself. And neither will you. Don’t buy the self-made myth - Partnerships need some #TLC. You have to compromise, adapt, negotiate. Priorities change. Learn to love aiming at moving targets and taking detours - Don’t forget to shout them out every now and then

Well thought-out piece from the Globe describing recent developments in the M&A markets here in Canada and including a positive reference for Origin.  The last paragraph sums it up pretty well: Roughly half of domestic takeover traffic was cross-border, the sort of assignments that seem suited to global players with familiar names, such as Rothschild. Instead, the deals are going to established platforms, including the big banks, and a handful of upstart firms. Corporate Canada doesn’t care what bankers did, it cares about what they can do.

Hello 😍 🎤 Today I will tell you a story that concerns not only Vancam but also business in general. Read ⬇ 💡 In 2013, the oldest bank in the world, Monte dei Paschi in Siena, was on the verge of collapse. This bank was founded in 1472, twenty years after Columbus discovered America. Its history is studied in economics departments, and locals simply call it "Papa Monte", since for centuries it has been the largest employer and sponsor of the city. 💡 The turning point for Monte Paschi was the purchase in 2007 of a small bank in the city of Padua - Banca Antonveneta. And this was the worst management decision in the last 535 years. Firstly, the bank was greatly overvalued and went to Monte for 9 billion euros. Secondly, it was completely in debt. Thirdly, a few months after the takeover, the global financial crisis broke out. 💡 As a result, Monte dei Paschi was on the verge of crisis, and funding for city projects was sharply reduced. Because of this, for example, in 2014 the city's football and basketball teams went bankrupt and were relegated from their leagues. 💡 But the real reason for the oldest bank's problems was the appointment six years earlier of the daring Calabrian Giuseppe Mussari. He abandoned the bank's centuries-old conservative policy and bet on aggressive growth. It didn't work. 🚀 And yes, if Mussari had thought to hire a competent business coach who could look at his decisions from the outside, perhaps none of this would have happened. ⏳ don't go far, because I'm still in touch

Our CEO Christian Sewing was profiled in The Wall Street Journal piece looking at our bank’s successful transformation. Some key messages that stood out: 1️⃣ Resilience in turbulent times: Sewing's leadership steered Deutsche Bank through market turbulence, showcasing its newfound resilience. Despite challenges, the bank emerged stronger, underlining Sewing's strategic prowess. 2️⃣ Cultural transformation: building a culture of humility and stability, Sewing's vision transformed Deutsche Bank's ethos. By prioritizing sound practices over bravado, he reshaped the bank's identity. 3️⃣ Strategic focus on stability: Sewing's emphasis on stable revenue streams and risk management reshaped Deutsche Bank's strategy. By shrinking its Wall Street footprint and focusing on client-centric services, the bank navigated through uncertainties, earning investor confidence. 🔗 Read the full article (paywall): https://lnkd.in/eF_PVj_z #Banking #Leadership #Transformation #DeutscheBank