Eras in financial services end or recede with the incumbents always the last to find out
Plus, how Andrea Orcel covertly built up a stake in Commerzbank and celebrities ditch BDO after ex-employee is accused of fraud
We’re not gonna lie, we love it
Chief Marc Rowan sets targets for private capital group to become one of world’s largest debt underwriters
US lender seeks to win back business from asset managers that have targeted traditional banks’ most lucrative clients
The alternative asset manager does a lot.
Plus, German officials caught by surprise in Commerzbank stake sale and media giant Axel Springer nears a break-up
Critics warn of risks in selling illiquid and hard-to-value products to less experienced retail buyers
Led by a onetime dealer in death benefit settlements, the leveraged buyout pioneer evolves into a bulge-bracket lender
ETF launch comes as big investment firms seek to sell alternative assets to retail investors
For decades the sleepy Long Island hamlet of Montauk and its beloved Lobster Deck resisted gentrification. Enter Wall Street heavyweight Marc Rowan
Bout of volatility problematic for industry already struggling to find successful exits to recycle cash into new deals
Ares, Apollo, Blackstone and KKR prepare to increase buyout-linked investments as interest rates ease
Second-quarter earnings of $1bn missed expectations as hedging costs on floating rate exposure has yet to pay off
Logistics deal comes as UK parcel market faces shake-up from takeover of Royal Mail
Buyout groups assess challenge of selling trillions of dollars worth of companies so they can return cash to investors
Shareholders must ask if chip production will be efficient enough to generate positive return on common equity
Discussions come as private capital groups are increasingly tapped by large corporations to fund expansions
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and Blackstone
Expression of intent comes a day before exclusivity window is due to close for rival Skydance Media
The markets watchdog rightly intervened in the wrangling over Applus
Might a STOLI cocktail leave a $20bn hangover?
Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse
Media company is already in exclusive talks with Skydance about a potential deal
Plus, a potential paper bidding war reignites M&A optimism and Sweden’s Fortnox attracts short seller scrutiny
