Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

(Courtesy of  Reuters.com) LONDON (Reuters) - Australia’s Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back. The rise of Macquarie marks a huge shake-up in commodity banking, typically dominated by elite U.S. and … Continue reading Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

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Morgan Stanley to curb veteran adviser recruiting

(Courtesy of Reuters.com) The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017.   Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month … Continue reading Morgan Stanley to curb veteran adviser recruiting

Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A

(Courtesy of Reuters.com) Morgan Stanley (MS.N) and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA (VALE5.SA), the world's No.1 iron ore producer. New York-based Morgan Stanley and Bradesco BBI, the investment-banking arm of Brazil's No. 3 … Continue reading Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A