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Deutsche Bank is urging its M&A rainmakers to chase more lucrative mandates after a recent hiring spree that brought in top dealmakers from Citi, Bank of America, Credit Suisse, Morgan Stanley and Lazard. Bankers are being told to prioritize mandates for $500 million-plus deals with the potential to earn at least $3 million in fees. The guidelines are even higher for private equity deals. The move comes as dealmaking volumes slump and CEO Christian Sewing tries to rein in costs. Read more in our scoop from Manuel Baigorri, Arno Schuetze, Elffie Chew, Pei Li and Dong Cao: https://lnkd.in/gNT6xJMn

I just finished a job simulation on JPMorgan Chase's Investment Banking through Forage. In the simulation, I acted as an investment banker and helped a client with a potential merger and acquisition (M&A). Here's what I did: • I researched different companies and identified the perfect one for my client, considering both their strategic goals and financial situation. • I built a financial model to estimate the target company's value. To make sure it was accurate, I even adjusted it for a rival bid and unexpected supply chain issues. • I put together a concise two-page report for the client. It included details about the target company and a clear explanation of the M&A auction process.

📢 Leadership Insights from Sean Poellnitz, Leadership Coach 📢Reflecting on the success of Goldman Sachs, as showcased in their recent annual report, I'm reminded of the invaluable lessons from Harvard Business School and the teachings of Peter Drucker, a renowned management and leadership professor. 📌 Leadership Insights for Success 1️⃣ Adaptability is Key: In a constantly changing environment, the ability to adapt and pivot is crucial for staying relevant and competitive. 2️⃣ Empower Your Team: Trusting and empowering your team fosters innovation and drives collective success. A strong team is the backbone of effective leadership. 3️⃣ Vision and Strategy: Clear vision coupled with a well-defined strategy is essential for guiding your organization towards long-term success and growth.Embrace these insights to lead with confidence and drive your organization forward! 💼🚀 #SeanPoellnitzLeadership #HarvardBusinessSchool #PeterDrucker #LeadershipInsights #Adaptability #Empowerment #VisionAndStrategy #theweekendoffice #coaching

Despite uncertain macroeconomic conditions, JPMorgan Chase & Co. continues to increase its technology investment for its Commercial & Investment Banking (CIB) division by approximately 5.9%. This figure aligns with the results from Celent's 2024 Dimensions survey, which found that sell-side firms are increasing their technology budgets this year by a global average of 4.5%. Monica Summerville, their Head of Capital Markets, takes a closer look at where this investment is going and the ROI being realized. Discover more > https://lnkd.in/gaDFs3eN

Despite uncertain macroeconomic conditions, JPMorgan Chase & Co. continues to increase its technology investment for its Commercial & Investment Banking (CIB) division by approximately 5.9%. This figure aligns with the results from Celent's 2024 Dimensions survey, which found that sell-side firms are increasing their technology budgets this year by a global average of 4.5%. Monica Summerville, their Head of Capital Markets, takes a closer look at where this investment is going and the ROI being realized. Discover more > https://lnkd.in/gCFU-fba

Goldman Sachs amassed a war chest of more than $20bn for private credit investments, underscoring the surge of interest in the asset class. The alternatives part of its asset management arm announced the final close of West Street Loan Partners V, its latest in a series of large-cap senior direct lending vehicles, at $13.1bn total capital. In addition, Goldman Sachs Alternatives closed on more than $7bn in large-cap senior direct lending management accounts and $550m of co-investment vehicles. Institutional investors in the strategy include US and international pension plans, insurance companies, and sovereign wealth funds. Investors from Goldman Sachs Private Wealth Management, family offices, and third-party wealth channels also made commitments. "The market for senior direct lending continues to benefit from the growing demand from financial sponsors. While we expect the syndicated markets and private credit markets to continue to co-exist, we are seeing an increase in attractive opportunities for alternative lending sources that can provide size, structural flexibility and certainty of execution to borrowers," James Reynolds, Goldman Sachs Alternatives Global Head of Direct Lending. #MergersAcquisitionsDivestitures #PrivateCredit #Lending

Despite uncertain macroeconomic conditions, JPMorgan Chase & Co. continues to increase its technology investment for its Commercial & Investment Banking (CIB) division by approximately 5.9%. This figure aligns with the results from Celent's 2024 Dimensions survey, which found that sell-side firms are increasing their technology budgets this year by a global average of 4.5%. Monica Summerville, their Head of Capital Markets, takes a closer look at where this investment is going and the ROI being realized. Discover more > https://lnkd.in/eyS6Xdnu

EXCLUSIVE - Deutsche Bank is urging its rainmakers to be more selective when pitching for M&A mandates and prioritize the big ones, report Manuel Baigorri, Arno Schuetze and Elffie Chew. A rough guideline seems to be to focus on deals that are worth at least $500 million and earn DB a minimum of $3 million in fees. The call for selectiveness comes after Deutsche Bank last year embarked on an ambitious push to build out its deals advisory team, hiring scores of senior executives and buying UK corporate broker Numis along the way. Partly as a result, compensation in the investment banking division has soared. https://lnkd.in/eMRuvzkv

What's New to The Street... Morgan Stanley takes decisive action to streamline costs, trimming jobs in their vital wealth-management division. Navigating through challenges, but committed to securing a stronger future. 💼💡 #financenews #costefficiency #businessnews #business #news #newtothestreet

Hello Friends! Goldman Sachs has diversified revenue streams, the bulk comes from capital markets-related activities like investment banking, trading, and institutional investing, which can be cyclical based on market conditions. "Through Carousel, we gain a detailed understanding of how Goldman Sachs makes money." FOLLOW me for such content. REPOST to help others. #GoldmanSachs #InvestmentBanking #CommercialBanking #WealthManagement #Banking #Finance #Investing #Lending #Deposits #RevenueStreams #FinancialServices #AssetManagement Parth Verma