Looking out to 2017, analysts at Macquarie retained their "bullish" stance on European banks, arguing that multiples in the sector were not "stretched", earnings were likely to recover further and consensus expectations were undemanding. However, their bias was for retail/commercial banks with cost and impairment improvements. "We are cautious on optimistic revenue stories and would thus avoid the investment banks," the broker said in a research note published on… Read More
How do you get $669 billion in one room? Ask Jes Staley.
The Barclays chief executive was seen wining and dining some of the world’s biggest hedge funds — all in an effort to wrest business from an unlikely nemesis: Goldman Sachs CEO Lloyd Blankfein.
Barclays held a $1 million bash for 55 hedge funds — that have combined assets under management of about $669 billion, according to filings and reports — at Cipriani at 25 Broadway on Oct. 13, according to hedgies and… Read More
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