Brian DeChesare

FEBRUARY 19, 2025

With investment banking internship recruiting starting earlier and earlier, you also need to win pre-banking internships earlier. People debate the best options: Search fund internships , private equity internships , boutique bank internships, real estate internships, and even wealth management internships have their pros and cons.

Banking 59

Banking Start-ups Finance Venture Capital Fund 59

Business Sales M&A

FEBRUARY 5, 2021

One of the main premises behind a Private Equity Group (PEG) acquisition is to use debt to amplify the returns on the equity portion of it. In layman’s terms, equity is the down payment the PEG makes for an acquisition while the rest of the funds are provided in the form of debt from banks and other lenders.

Equity 130

Equity Banking EBITDA Business Valuation 130

Global Finance

JULY 29, 2024

Nonbanks have eaten into traditional banks’ marketplace. Can the older banks retake lost ground by simply becoming more agile? Once upon a time, banking was simple: Take deposits, use depositors’ money to make loans, and transfer payments between clients and earn a commission. All three pillars are now under assault.

Banking 104

Banking Start-ups Technology Marketability 104

Harvard Corporate Governance

NOVEMBER 2, 2022

After the Great Financial Crisis triggered tightening of banking regulation, corporate lending has increasingly migrated out of the banking sector. Private debt funds raise capital commitments through closed-end funds (like private equity) and make senior loans (like banks) directly to, mostly, middle-market firms (i.e.

Banking 215

Banking Equity Marketability Finance 215

Financial Times M&A

MAY 4, 2023

It is surprising that financial investors have not become deeply involved in bank rescues

Banking 98

Banking Equity 98

Harvard Corporate Governance

OCTOBER 7, 2022

As early as 2015, activist shareholders have put forth proposals asking companies to implement diversity, equity and inclusion (DEI) policies and to provide more disclosure of the same. Related research from the Program on Corporate Governance includes Social Responsibility Resolutions by Scott Hirst.

Banking 252

Banking Equity 252

Global Finance

JUNE 17, 2024

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. Its Hong Kong market share surged from a mere 0.2%

Equity 111

Equity Marketability Banking Start-ups 111

Brian DeChesare

OCTOBER 30, 2024

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. not banks or investment firms). What Are Corporate Finance Jobs?

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Global Finance

DECEMBER 6, 2024

After a year that can be described as challenging for US regional banks, with the failures of Silicon Valley Bank, First Republic Bank, and Signature Bank early in 2023, profitability growth has returned to many of the sectors banks that survived that dark period. The banks robust fee income, totaling $274.2

Banking 52

Banking Marketability Technology Finance 52

Brian DeChesare

MARCH 13, 2023

In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Silicon Valley Bank did not “fail” in 24 hours.

Banking 123

Banking Start-ups Equity Treasury 123

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 97

Banking Equity Start-ups Treasury 97

Machen McChesney

FEBRUARY 8, 2024

Timely, reliable reports can increase the odds that a bank will approve your company’s loan application and equity investors will provide capital. Lenders and investors will generally want to review your company’s financial statements before they give it money.

Equity Financing 111

Equity Financing Equity Finance Banking 111

Brian DeChesare

SEPTEMBER 29, 2022

We covered investment banking in Canada a long time ago on this site, but things have changed over time – and the original article was light on details and numbers. Let’s start with a quick industry overview before moving into the more controversial areas: Investment Banking in Canada: Top Banks, Locations, and Industries.

Banking 112

Banking Start-ups Private Equity Firm Equity 112

Brian DeChesare

OCTOBER 16, 2024

“Why investment banking?” and there’s now an overwhelming amount of information online about investment banking. I’ll explain these points here and suggest specific answers to “Why investment banking?” but I’ll start with the short version: Table Of Contents Why Investment Banking: The Short Version “Why Investment Banking?”

Banking 111

Banking Finance Start-ups Corporate Finance 111

Brian DeChesare

MARCH 13, 2024

Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms. Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity.

Equity 105

Equity Start-ups Marketability Banking 105

Harvard Corporate Governance

JUNE 27, 2023

Following the consecutive collapses of Silicon Valley Bank (“SVB”) and Signature Bank in March, other regional banks have been under pressure. This news, coupled with First Republic having a high percentage of uninsured deposits, triggered a run on the bank, causing a liquidity crisis that the bank could not quell. [1]

Banking 205

Banking Marketability Equity Technology 205

Financial Times M&A

DECEMBER 21, 2023

A deal would see the private equity-controlled UK bank return to mutual ownership

Banking 100

Banking Equity 100

Brian DeChesare

MAY 15, 2024

Private equity value creation came on my radar a few years ago when I noticed something: Even though traditional PE deal roles were not doing well, “operational” or “value creation” teams still seemed to be recruiting. What Does the Private Equity Value Creation Team Do in Real Life? Why is PE Value Creation Suddenly “Hot”?

Equity 105

Equity Private Equity Firm Start-ups EBITDA 105

Benzinga

MARCH 26, 2023

First Citizens BancShares Inc (OTC: FIZN ) is in advanced talks to acquire Silicon Valley Bank (SVB), a person familiar with the matter informed Reuters on Sunday. billion, Raleigh, North Carolina-headquartered First Citizens is ranked as the 30th largest bank in the country based on Federal Reserve data.

Banking 96

Banking Equity 96

JPAbusiness

OCTOBER 3, 2023

When considering whether to support your business, a bank, financier or equity investor focuses on three S’s : Servicing Security Surety None of these factors are completely controllable, but they are strongly influenced by your actions as a business owner.

Banking 90

Banking Equity Finance 90

Brian DeChesare

NOVEMBER 30, 2022

Your first thoughts reading this article might be, “Wait a minute, why are ‘private equity exit opportunities’ a topic? But despite the hype, people do leave private equity all the time, whether it’s voluntary or forced. Why Leave Private Equity? Private Equity Exit Opportunity #2: Join a Hedge Fund. Good questions.

Equity 98

Equity Banking Start-ups Marketability 98

Musings on Markets

MAY 7, 2023

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments. All Equity, All the time!

Banking 82

Banking Price to Book Dividends Book Value 82

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” is better for domestic funds.

Equity 94

Equity Banking Start-ups Private Equity Firm 94

Financial Times M&A

AUGUST 29, 2023

Plus, Europe’s challenger banks face challenges of their own and investors pull back on alternative investments

Equity 111

Equity Banking 111

Musings on Markets

SEPTEMBER 20, 2024

As a long-time skeptic about the Fed’s (or any Central Bank’s) capacity to alter much in markets or the economy, I decided now would be as good a time as any to confront some widely held beliefs about central banking powers, and counter them with data.

Banking 122

Banking Treasury Start-ups Marketability 122

Harvard Corporate Governance

MARCH 5, 2024

In March 2023, a financial panic that began with runs on Silicon Valley Bank in California led to three of the four largest bank failures in US history. Jitteriness about the overall health of banks spread to Switzerland and claimed Credit Suisse as a victim. This post is based on their paper. more…)

Banking 176

Banking Equity 176

Benzinga

JUNE 11, 2024

HSBC Bank (China) Company Limited finalized the acquisition of Citigroup Inc’s (NYSE: C ) retail wealth management portfolio in mainland China. HSBC Holdings plc (NYSE: HSBC ) shares are trading lower today. HSBC has also transitioned over 300 employees as a part of this integration.

Banking 105

Banking Equity 105

Harvard Corporate Governance

NOVEMBER 7, 2022

The common ownership hypothesis suggests that large, institutional investors who own equity stakes in firms that compete in the same industry have an incentive to reduce competition by, for example, increasing prices, lowering production, or increasing barriers to entry. The theory behind the hypothesis is relatively straightforward.

Banking 187

Banking Equity Finance Marketability 187

Brian DeChesare

APRIL 13, 2022

They all think they can make a fortune buying and selling stocks; in other words, they’re fans of the long/short equity strategy. When the average person thinks of hedge funds, long/short equity is often the first thing that comes to mind. Probably 90% of hedge fund stock pitches use long/short equity or related strategies.

Equity 98

Equity Start-ups Banking Marketability 98

Brian DeChesare

JUNE 15, 2022

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.).

Banking 98

Banking Treasury Start-ups Finance 98

Startup Valuation Blog

MARCH 13, 2023

By developing a comprehensive risk management strategy and implementing sound financial practices, companies can reduce their exposure to banking institution bankruptcy risk and protect their long-term financial position. The bank's collapse prevented the enterprises from accessing deposits. Says Tamir Levy, Ph.D.,

Banking 100

Banking Firm Value Finance Equity 100

Brian DeChesare

AUGUST 3, 2022

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Unfortunately, switching banks, groups, or locations after your internship is much easier said than done. Why Switch Banks?

Banking 96

Banking Start-ups Enterprise Value Marketability 96

Financial Times M&A

APRIL 16, 2024

Plus, Raiffeisen Bank touts Russian growth in job ads and an investment banking boost in the US

Equity 85

Equity Banking 85

Financial Times M&A

NOVEMBER 21, 2022

French bank will have option of buying joint venture outright five years after it launches

Equity 98

Equity Banking 98

Brian DeChesare

JANUARY 11, 2023

This leads us to the possible impact on investment banking and other finance-related roles. An equity research report ? How Will AI Change Investment Banking Recruiting? Second, many methods banks have used to “automate” the recruiting process might backfire. What About the Investment Banking Job Itself?

Banking 111

Banking Start-ups Finance Compliance 111

Financial Times M&A

JULY 29, 2022

Wall Street lenders stomach losses on private equity deal financing offered before market swoon

Banking 115

Banking Finance Equity Marketability 115

Musings on Markets

JANUARY 21, 2023

In this post, I will begin by chronicling the damage done to equities during 2022, before putting the year in historical context, and then examine how developments during the year have affected expectations for the future. Actual Returns Your returns on equities come in one of two forms. Stocks: The What?

Equity 93

Equity Risk Premium Start-ups Dividends 93