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Job market brightens for unemployed bankers

Wed, 09 Dec 2009 21:34:02 GMT

Thousands of bank employees have lost their jobs since the financial crisis hit. While the job market remains difficult, banks are hiring for certain positions. According to Maurice Toueg, a partner with executive recruiter Capstone Partnership, most in demand are executives with strong strategic restructuring skills who can help banks shore up their own businesses.

By thedealvideo

Tags : Capstone, Maurice, Partnership, Toueg, bankers, banks, hiring, investment, jobs, recruiters, unemployment

Deal Economy 2010: Bove on bank runs

Mon, 07 Dec 2009 18:15:02 GMT

Richard Bove, a financial strategist at Rochedale Securities, was a keynote speaker at The Deal Economy 2010 conference. In this video Bove speaks about the run on the banks in the fourth quarter of last year. See the video below or download it at iTunes. - Maria Woehr

By thedealvideo

Tags : Bove, Richard, Rochdale, Securities, bank, banks, debt, failures

Deal Economy 2010: GE's O'Brien on GE Capital lending

Tue, 24 Nov 2009 18:59:01 GMT

General Electric Co.'s (NYSE:GE) Duncan O'Brien says it may be several quarters before a sense of normalcy returns to the lending environment. As a result, the company's lending arm GE Capital has become more selective in its lending and will continue to shrink the business' $500 billion balance sheet

By thedealvideo

Tags : Co., Duncan, Electric, General, M&A, O'Brien, banks, economy, lending

Bove predicts 200-300 more bank failures

Thu, 19 Nov 2009 21:09:00 GMT

Richard Bove of Rochdale Securities, who spoke at The Deal Economy 2010 Conference says that 200-300 more banks will fail in a year or a year and a half due to commercial and residential real estate loans. In this video Bove also adds that financial reform is headed in the wrong direction. See the video below or download it at iTunes. - Maria Woehr

By thedealvideo

Tags : Bove, Richard, Rochdale, Securities, Street, Wall, bank, banks, economy, failures, financial, reform

Weil's Miller on Resolution Authority

Thu, 19 Nov 2009 21:07:02 GMT

Harvey Miller of Weil, Gotshal & Manges LLP spoke to The Deal's Mary Kathleen Flynn at The Deal Economy 2010 Conference about the use of Resolution Authority. Resolution Authority is the proposal that would allow the government the power to unwind systemically important financial institutions, and give them a framework for doing so. He says that even if the government had used Resolution Authority in the case of Lehman Brothers Inc.it would not have made a difference. See the video below or download it at iTunes. - Maria Woehr

By thedealvideo

Tags : Authority, Brothers, Gotschal, Harvey, Lehman, Miller, Resolution, Weil, bankruptcy, banks, financial, institution, investment

Oppenheimer's Heinberg on a CIT Group bankruptcy

Mon, 19 Oct 2009 20:02:04 GMT

A CIT Group Inc. (NYSE:CIT) bankruptcy would have an impact on middle market lending says Marshall Heinberg, the head of investment banking at Oppenheimer & Co. because the firm has been a very big player in small or big capital companies. However good companies will find alternative financing, he adds. See the video below or download it at iTunes.- Maria Woehr

By thedealvideo

Tags : &, (NYSE:CIT), (NYSE:CIT) (0:06) , 11 (0:18) , Bankruptcy (0:18) , CIT, CIT (0:06) , Chapter (0:18) , Co., Co. (0:04) , Group, Heinberg, Heinberg (0:01) , Inc., Marshall, Marshall (0:01) , Oppenheimer, Oppenheimer (0:04) , banks, market, middle

Hilco's Cory Lipoff on retail bankruptcies

Thu, 15 Oct 2009 21:13:00 GMT

After a rash of high-profile retail bankruptcies in the first half of 2009, the number of filings has slowed. "It's been quiet," says Cory Lipoff, executive vice president with the strategic advisory and reorganization firm Hilco Merchant Resources. In this edition of Inside the Deal, Lipoff says many retailers have cut staff and inventory, and closed stores, and are just trying to hang on until Christmas.

By thedealvideo

Tags : Bankruptcies (0:15) , Cory, Cory (0:11) , Deal, Hilco, Hilco (0:07) , Inside, Lipoff, Lipoff (0:11) , Merchant, Merchant (0:07) , Resources, Resources (0:07) , X-mas (0:47) , and (0:40) , banks (0:40) , business, distressed, in (0:15) , restructuring, restructuring (0:29) , retail, retail (0:15) , retail (0:29) , retailers (0:40) , sales (0:47) , the

Berkery Noyes' Joe Berkery on inflated seller pricing

Mon, 05 Oct 2009 21:01:00 GMT

The lack of credit available to buyers remains a big deterrent to M&A. But the inflated price expectations of many sellers is as big obstacle, says Joseph Berkery, founder of the investment bank Berkery Noyes. In this edition of Inside the Deal, Berkery says "Prices are back to normal." The problem is that seller opinions of what their businesses are worth haven't adjusted to reflect that. - Suzanne Stevens

By thedealvideo

Tags : Berkery, Deal, Inside, Joseph, M&A, Noyes, banks, business, investment, the

THL Partners' Sperling on banks' and sponsors' legal battles

Wed, 16 Sep 2009 20:29:02 GMT

In this exclusive interview, Thomas H. Lee Partners co-president Scott Sperling remembers his own and the LBO industry's bitter battles with Wall Street banks in late 2007 and 2008.

By thedealvideo

Tags : H., LBO, Lee, Partners, Scott, Sperling, Street, Wall, banks, business, equity, homas, industry, private

Morgan Stanley's Kindler on boutique banks

Mon, 14 Sep 2009 15:36:00 GMT

Robert Kindler, head of global M&A at Morgan Stanley, says the one thing boutique banks can't give corporations an idea of what the capital market's reactions could be to an acquisition.

By thedealvideo

Tags : Kindler, M&A, Morgan, Robert, Stanley, acquisition, banks, boutique, capital, markets

M&A Outlook 2009: Blue Wolf's Blumenthal on regulation

Tue, 13 Jan 2009 21:41:00 GMT

At The Deal's M&A Outlook 2009 conference Adam Blumenthal, a portfolio manager at Blue Wolf Capital Management said he believes that the government has to question everything as it alters the regulatory structure of financial institutions because it is reacting to the economic crisis. "We can expect a level of volatility of government reactions that mirrors the volatility in the financial markets," he said.

By thedealvideo

Tags : adam, banks, blue, blumenthal, business, capital, economy, financial, government, institutions, management, wolf

Inside the Deal: Paul Hastings' John Douglas on Obama, PE and failing banks

Sat, 15 Nov 2008 09:28:01 GMT

The Federal Reserve's recent action to encourage private equity investment in banks was a helpful step, but it didn't go far enough. That's according to John Douglas, who chairs the banking and financial institutions group at Paul, Hastings, Janofsky & Walker LLP. In this edition of Inside The Deal, Douglas tells Suzanne Stevens that the Fed needs to set forth the basis with which PE firms can take a controlling interest in banks. Douglas, who addressed the topic in an article for The Deal newsweekly, says the Fed is working on the issue, but it's been very slow in coming. In the meantime, there's a healthy appetite among PE firms to invest in struggling banks.

By thedealvideo

Tags : &, banks, business, douglas, equity, hastings, janofsky, john, llp, paul, private, walker

Inside The Deal: Jones Day's Bob Profusek on PE's investing in banks

Fri, 12 Sep 2008 19:52:03 GMT

It's a bloodbath out there. Lehman Brothers Inc., Washington Mutual and National City are all hurting. Could private equity be the cure? While US Federal regulations limit private equity's investment in financial institutions, that could soon all change. In this edition of Inside The Deal Bob Profusek, partner and global head of M&A at Jones Day, speaks with The Deal's Suzanne Stevens about private equity's interest in recapitalizing the financial services industry.

By thedealvideo

Tags : banks, bob, brothers, business, day, equity, jones, lehman, m&a, mutual, private, profusek, washington