Bankers working on Vodafone's $10bn deal to buy Spain's Ono could pocket up to $62m in advisory fees, according to an industry estimate, the latest windfall for dealmakers in the technology, media and telecom (TMT) sectors.
Russian companies have made $180bn in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the U.S. and European Union threaten that business.
Moelis & Company has announced its plan to expand into Brazil with the opening of an office in São Paulo and the appointment of three industry leading bankers.
"You're not just thinking what are you going to do, but what is the other guy going to do," one banker says of curling
A battle over banker bonuses is building in London.
More than half of bankers and traders working at U.S. securities firms in London will receive a higher bonus for 2013 than a year earlier as they benefited from stronger American investment-banking results, according to compensation data provider Emolument.
Bankers are using 'sneaky' ways of avoiding the European Union's new cap on bonus sizes, a think tank has claimed.
Sad to report.
More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.