Browsing: Exits

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HSBC Joins the Cash Equity Retreat

02/25/2020
HSBC announced it was downsizing its European cash equities business as part of a broader restructuring of the bank.  HSBC emulates Deutsche Bank, Macquarie and SocGen in scaling back its ...
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2019 Review: Capital Raises Total $177+ Million, Mainly Alt Data

12/31/2019
We tracked $177.8 million in disclosed capital raises during 2019, the majority -- $165.8 million – sourced by alternative data firms.  In contrast, Macquarie completed its exit from cash equities ...
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Euromoney Rebrands Ned Davis Research and BCA Research While Hoping for Sale

11/22/2019
As Euromoney seeks to offload its economic research properties, Ned Davis Research and BCA have updated their brand identities with new logos and taglines.  Although the two firms have distinct ...
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Macquarie Formalizes Cash Equities Retreat While Partnering with Kepler Cheuvreux

10/30/2019
After reducing its London-based cash equities staff in 2018 and exiting Canada earlier this year, Macquarie Capital announced it would shut down all its cash equities activities outside the Asian ...
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Corporate Access Provider Meetyl Bites the Dust

05/17/2019
Meetyl, an early corporate access platform provider, is being shut down by its parent Glass Lewis, according to industry sources.  After the company’s senior staff migrated to alternative pursuits, most ...
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Macquarie Continues Downsizing Cash Equities with Canadian Exit

05/01/2019
After reducing its London-based cash equities staff last year, Macquarie Capital is shutting down its Canadian cash equities business.  For a commodities-oriented firm like Macquarie, the move intimates broader restructuring ...
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Stifel Buys MainFirst Which Bought…

11/08/2018
A month after agreeing to buy Raymond James’ European brokerage business, Germany's Mainfirst Bank is selling its equities business to US mid-market bank Stifel, as post-MiFID II consolidation continues. Terms ...
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Raymond James Exits European Research

10/11/2018
Raymond James is selling its European equity research operations to Frankfurt-based MainFirst Bank, as post-MiFID II consolidation continues. MainFirst Bank AG announced it is acquiring the European institutional brokerage business ...
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Natixis Exited Cash Equities After Implementing ODDO Partnership

08/07/2018
French bank Natixis shut down its US and UK cash equities businesses after finalizing a joint venture with Franco-German investment bank ODDO BHF Securities to combine the firms’ French cash ...
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Instinet Rebuts Rumored US Research Closing By Nomura

01/23/2018
Instinet appointed a new head of US research and sales, as it sought to counteract statements made by Nomura’s CEO apparently contemplating the closure of its US research operations.   The ...
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