Browsing All posts tagged under »Financial Services«

The Ghost of Lehman Brothers Past

March 13, 2023

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By Michael Macaluso The decision to stand behind uninsured deposits by the Fed, Treasury, and the FDIC announced on Sunday, March 12, I believe was necessary and correct. It has been probable since the aftermath of Lehman Brothers, however, that any reasonably large systematically connected depository institution (and some non-depository institutions) could potentially trigger a […]

Silicon Valley Bank Insolvency: What Now?

March 12, 2023

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By Michael Macaluso On March 10, 2023 the California Department of Financial Protection & Innovation declared Silicon Valley Bank (“SVB”) insolvent and appointed the FDIC as receiver. Simultaneously, the FDIC created the Deposit Insurance National Bank of Santa Clara to facilitate access to SVB deposits insured by the FDIC. For those of us who worked through […]

Mid-Year Perspective on the Status of China’s Currency

July 2, 2017

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Written by Todd R. Vollmers, Managing Director, Global Access CSG There has been increasing interest in trends pertaining to China, particularly given its relatively new role as the world’s second largest economy and growing importance to international trade and the global economy. Since 1978 (when China began instituting political reform making it more open) according […]

Charts: Shifts in the Capital Markets Value Chain

June 4, 2016

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As many financial institutions, particularly banks are exiting or scaling back their participation in certain parts of the capital markets value chain, or deciding not to enter others, an array of old and new players is stepping in to compete for those revenues. BCG provides significant insight on the issue in a recent article entitled “How Value Is Shifting in the […]

Charts: Banking Consolidation

May 6, 2016

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The following chart shows consolidation of the U.S. banking sector roughly from the early 1990s to 2010 which led to four major banks. There are other similar stories in banking and particularly colorful stories in investment banking. Also, there already was significant consolidation before the early 1990s. Still the chart is impressive in the story it tells through a single picture. Interestingly […]

Developments: Ocean Holding Acquires Düsseldorfer Hypothekenbank

September 1, 2014

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Ocean Holding acquires Düsseldorfer Hypothekenbank Completing one of the largest bank acquisitions in Germany in years by total assets at approximately €12 billion, Lone Star has sold its controlling interest in Düsseldorfer Hypothkenbank to Ocean Holding, an Attestor fund. After acquiring the bank in 2010, Lone Star injected €500 million to strengthen its core capital position. The […]

Michael Macaluso Joins Cappello as a Managing Director and Head of Investment Banking Asia

April 5, 2014

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Cappello to Extend Asia Reach, Hires Michael Macaluso Los Angeles and New York – March 31, 2014. Michael Macaluso joined Cappello Group, Inc. as a Managing Director and Head of Investment Banking for Cappello Asia. Mr. Macaluso’s focus is on capital markets in Asia in relationship to the United States, Europe and other parts of the […]

The Shanghai Free Trade Zone – A New China Paradigm for Western Investors?

December 31, 2013

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When it comes to foreign companies, funds and investors doing business in China and positioning themselves to do business in China, the question on the minds of everyone is the significance of the Shanghai Free Trade Zone.  What does it mean for China, and to investment in China?  Answers to these questions are contained in a […]

DLA Piper Advises on Construction Financing for Vikings Stadium

November 26, 2013

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Minneapolis, Minnesota, November 25, 2013.  DLA Piper announced today that the firm represented US Bank and Goldman Sachs in connection with the private bank financing for the construction of the new Minnesota Vikings stadium involving total financing sources of approximately US$1 billion. The financing includes capital from a combination of public and private sources, equity […]

Developments: The Scott Brass Decision

August 17, 2013

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The Scott Brass decision by the U.S. First Circuit Court of Appeals is unlikely to have the significant impact on private equity funds that many are foreseeing.  The decision does, however, create yet another level of uncertainty to the deployment of capital to companies where it is most needed. Five years after the US financial […]