Investment Banking

🍋 LBOs Are So Back

7.0x leverage is back and $2.4 trillion worth of M&A deals have been announced in 2024, a 22% jump from last year.

🍋 The New Kings of Wall Street

A new breed of trading firms has quietly dethroned the old guard and the average Jane Street employee makes $900k.

🍋 Living at Goldman's Office

🍋 Chief Analyst Officer

JPMorgan appointed Ryland McClendon, a 14-year veteran, as the Global Investment Banking Associate and Analyst Leader

🍋 Apple 🤝 JPMorgan

JPMorgan is reportedly lining up as a suitor to take over the AppleCard issuance from Goldman Sachs.

🍋 Lazard CEO: Bankers Love Long Hours

Lazard's CEO Peter Orszag says that junior bankers want to work long hours in exchange for interesting work while Wall Sreet grapples with working conditions.

🍋 Goldman’s $400M Flop

Goldman expects a $400M hit thanks to a 10% drop in trading revenue, plus Apollo is dropping a private credit ETF.

🍋 Teens Run $20M Portfolios

How some of Wall Street's top firms are starting to recruit high schoolers, plus Verizon nearing a deal for Frontier.

🍋 Goldman’s Annual Axe

It's cuffing season... and also layoff season at Goldman, plus Intel is exploring strategic options.

🍋 Bonuses Are Back But Hold the Champagne

Who are the investment bankers in line for 25-35% bonus increases this year, plus Paramount got rekt last week..

🍋 Internship Stacking Season

Some students are stacking up to eight internships before graduating.

🍋 Wall Street Slashes Internships

Why Goldman Sachs trimmed its summer analyst class by 200 and JPMorgan slashed theirs by 600.