Today
Dimon warns the pandemic trading boom is drawing to an end
Trading revenue at the largest US bank will drop to just north of $US6 billion in the second quarter, Dimon said.
- 37 mins ago
- Sridhar Natarajan
This Month
Melbourne tech firm snapped up for $1.7b
MessageMedia, which provides SMS marketing, has been bought by Sweden’s Sinch in yet another huge money deal for an Australian tech company.
- Paul Smith
China’s tech crackdown cools Hong Kong’s IPO market
Just seven companies have gone public in the second quarter so far – on track for the fewest since 2009.
- Jeanny Yu and Julia Fioretti
Cartel case loss exposes holes in ACCC banking prosecution
Experts warn the competition watchdog’s resounding defeat in its first contested criminal cartel prosecution does not bode well for its landmark banking cartel trial next year.
- Hannah Wootton and Michael Pelly
- Opinion
- Hearsay
Cartel case offers lessons for ACCC on banks blockbuster
The cartel case involving ANZ, Deutsche Bank and Citi could be in big trouble after this week’s Country Care misfire.
- Michael Pelly
America unwinds pandemic welfare as labour market tightens
More than 40 per cent of the extra payments handed out in the US will be switched off by the end of next month as the jobs market rapidly recovers.
- Matthew Cranston
- Exclusive
- Mergers & acquisitions
Melbourne start-up lands one of Australia’s biggest tech deals
A Cloud Guru, which provides online cloud computing training programs and was founded by two brothers, has been acquired by US company Pluralsight.
- Paul Smith
May
Wall Street’s new love affair with China
At a time of growing geopolitical competition, US and European investment firms are plunging into the Chinese market.
- Thomas Hale, Harriet Agnew, Michael Mackenzie and Demetri Sevastopulo
JPMorgan seals ECM hire from Jefferies
They’ll be a fresh face joining investment bank JPMorgan’s equity capital markets team in July.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
JPMorgan inks two equity research hires
Wall Street Giant JPMorgan has turned to stockbroker CLSA for two equity research hires.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
- Opinion
- Chanticleer
The upside in Biden’s debt binge
Austerity is dead, Millennials will rule the US and investing in asset bubbles can be hugely profitable. Those are the key messages from three new global reports.
- Tony Boyd
AT&T-Discovery deal, named ‘Columbus,’ started with a text
The deal, unveiled Monday morning, will merge AT&T’s WarnerMedia with Discovery, creating a new media powerhouse.
- Scott Moritz and Liana Baker
Dimon succession race puts two women ahead of JPMorgan pack
Marianne Lake and Jennifer Piepszak are now in contention to one day replace Jamie Dimon after an executive overhaul at the Wall Street titan.
- Updated
- Hannah Levitt and Sridhar Natarajan
- Opinion
- Venture capital
Maggie Beer spent half the company value to get on e-commerce train
Acquiring Hampers and Gifts Australia lets Maggie Beer Holdings double down on e-commerce while broadening its product base. So why was the price a mere 4.4 times earnings?
- Updated
- Adir Shiffman
Accused banks get small victory in cartel case
The three investment banks defending a landmark competition law case have won the right to look at the ‘first accounts’ of their alleged cartel conduct.
- Hannah Wootton
US companies prepare share buyback bonanza as outlook clears
Goldman projected share repurchases by US companies would increase 35 per cent this year from 2020.
- Aziza Kasumov and Siddharth Venkataramakrishnan
- Opinion
- Chanticleer
Inside Brookfield’s big bet on the office
The investment giant’s global real estate boss says its new flagship development in Sydney shows why the death of the traditional workplace has been greatly exaggerated.
- James Thomson
Credit Suisse M&A head resigns; off to JPMorgan
Senior Credit Suisse M&A banker Kierin Deeming is heading to US investment bank JPMorgan.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Amcor profits jump on at-home consumption
The world’s largest consumer packaging company has been making strong profits as sales of food and beverages rise.
- Simon Evans
Cash-rich US banks move to reduce corporate deposits
Lenders including JPMorgan Chase and Citigroup have held conversations with some large clients about switching cash into money market funds.
- Updated
- Imani Moise
