NYSE:JEF - New York Stock Exchange, Inc. - US47233W1099 - Common Stock
Banks are pitching around €1 billion ($1.05 billion) in debt packages to back a potential buyout of Karo Healthcare, according to people familiar with the matter.
Sunway Bhd. has picked banks including HSBC Holdings Plc and Malayan Banking Bhd. to help arrange an initial public offering of its health-care business, people familiar with the matter said, in what could be Malaysia’s biggest initial public offering in a decade.
Indian manufacturing and logistics firm Zetwerk Pvt has picked banks for a potential Mumbai initial public offering that could raise at least $500 million, according to people familiar with the matter.
Wall Street faced heavy selling pressure in its first trading session after former President Jimmy Carter's funeral, as a series of economic developments rattled interest rate and energy markets, sparking heightened risk aversion among investors.
A hotter-than-expected December jobs report sent the Dow Jones Industrial Average tumbling by more than 600 points (1.5%) on Friday morning as U.S. Treasury yields continued to rise and inflation concerns took center stage. Shares of Wells Fargo (NYSE: WFC) were trading 2.6% lower as of 11:46 a.m. ET, while investment bank Jefferies Financial (NYSE: JEF) was off by 11.4% and private equity giant Blackstone (NYSE: BX) was down by roughly 5%. Since mid-December, investors have grown increasingly concerned about sticky inflation, an issue that is also top of mind for the Federal Reserve.
Investment banking revenues soared at Jefferies Financial in the fourth quarter, a positive sign for Wall Street as bigger banks prepare to report their results next week.
GCash, the biggest fintech platform in the Philippines, has picked banks to work on an initial public offering that could take place this year, according to people familiar with the matter.
Jefferies Financial Group Inc.’s profit soared on a rebound in mergers and acquisitions and a surge in equity-trading revenue, signs that the multiyear dealmaking slump is coming to an end.
Sumitomo Mitsui Financial Group Inc. is looking to expand its alliance with Jefferies Financial Group Inc., possibly working together in new areas such as equity trading to build up its global business, according to the bank’s chief executive officer.
Apple stock hit an all-time intraday high Thursday after a nod of confidence in its continued upswing from Wall Street.
Jefferies Financial Group Inc.’s co-head of global investment banking Alejandro Przygoda is leaving the firm, according to people with knowledge of the matter.