Investment banking

Kbw Bolsters European Investment Banking Franchise

Retrieved on: 
Thursday, January 12, 2023
SF, Merrill (company), European Investment Bank, Insurance, KBW, Stifel, Science and technology in Asia, Morgan Stanley, NYSE, Head, Investment banking, Deutsche Bank, Credit Suisse, Executive Office of the President of the United States, Financial services, Bank, Mediobanca

LONDON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), today named Alistair McKay as Head of European Investment Banking.

Key Points: 
  • LONDON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), today named Alistair McKay as Head of European Investment Banking.
  • Mr. McKay also has previous experience in the private equity community, serving as CEO of a financial services-focused investment business owned by a leading European family office.
  • He has nearly 20 years of investment banking, capital raising, and transaction advisory experience across UK and European financial services.
  • “KBW continues to invest in our market-leading franchise as we expand our presence in Europe and open up new opportunities for clients.”

Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough Challenge

Retrieved on: 
Tuesday, January 10, 2023
Banking, Professional Services, Family, Philanthropy, Consumer, Residential Building & Real Estate, Construction & Property, Foundation, Children, Seniors, Finance, Other Philanthropy, Government, White House, National Building Museum, Community Impact Newspaper, Access, Corporation, Housing, Organization, Investment banking, Research, Multimedia, Wells Fargo, Wealth, Mental health, Investment management, NYSE, Policy, Poverty, WFC, Commercial bank, Renewable energy, Real estate

The Wells Fargo Foundation is expanding its commitment to housing affordability through another $20 million competition with Enterprise Community Partners (Enterprise) to find housing solutions.

Key Points: 
  • The Wells Fargo Foundation is expanding its commitment to housing affordability through another $20 million competition with Enterprise Community Partners (Enterprise) to find housing solutions.
  • The second Housing Affordability Breakthrough Challenge will once again focus on three categories: Financing, Construction, and Access and Resident Support.
  • View the full release here: https://www.businesswire.com/news/home/20230109005918/en/
    Construction workers build a MiCASiTA home, one of six winners in the 2020 Housing Affordability Breakthrough Challenge.
  • “The Housing Affordability Breakthrough Challenge gave us the time and resources to get to work,” said cdcb Executive Director Nick Mitchell-Bennett.

Host Hotels & Resorts Completes $2.5 Billion Sustainability-Linked Credit Facility Refinancing, Maintains Pricing

Retrieved on: 
Wednesday, January 4, 2023
Crédit Agricole Corporate and Investment Bank, Investment banking, ESG, Agreement, Wells Fargo, BofA Securities, Bank, SOFR, Sustainability, Host Hotels & Resorts, JPMorgan Chase, Science, Chase Bank, Electricity, HST, Host, Trust, Carbon, REIT

BETHESDA, Md., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the “Company”), today announced that it amended and restated its existing $2.5 billion credit facility (the “Agreement”).

Key Points: 
  • BETHESDA, Md., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the “Company”), today announced that it amended and restated its existing $2.5 billion credit facility (the “Agreement”).
  • The Agreement extends maturities from January 2025 to January 2028, including all extension options, and continues to provide a $1.5 billion revolving credit facility and two $500 million term loans.
  • The amended and restated facilities reflect no increase in pricing and will bear interest pursuant to a credit ratings-based grid ranging from 0.725%-1.600% over the applicable adjusted term SOFR.
  • Other terms of the Agreement are similar to the Company’s previous credit facility agreement.

New Executive Leadership Team Appointed to Accelerate XOMA’s Differentiated Royalty Monetization Strategy

Retrieved on: 
Wednesday, January 4, 2023
Investment banking, Lead, Economics, Datamonitor, Medication, Therapy, Patent monetization, LP, Corporation, Operation, MBA, Columbia Business School, Growth, ICAV, Dartmouth College, Bain Capital, Entrepreneurship, Investment, University, Health care, CPP Investment Board, Intarcia Therapeutics, Sanofi–Translate Bio COVID-19 vaccine, Strategic planning, DNAnexus, Sale, Management, History, Sanofi, Finance

EMERYVILLE, Calif., Jan. 04, 2023 (GLOBE NEWSWIRE) -- XOMA Corporation (NASDAQ: XOMA), the Biotech Royalty Aggregator, announced today Jim Neal has retired as Chief Executive Officer and two finance and biotechnology industry veterans have joined in newly created executive leadership roles to drive the Company’s next phase of accelerated growth.  Mr. Neal has resigned as a director of the company effective January 1, 2023.  The Board of Directors has appointed Owen Hughes as Executive Chairman of the Board and Brad Sitko as XOMA’s Chief Investment Officer.

Key Points: 
  • The Board of Directors has appointed Owen Hughes as Executive Chairman of the Board and Brad Sitko as XOMA’s Chief Investment Officer.
  • “The Board recognized XOMA’s growth would be best served with a leadership structure that reflects the unique demands of the Company’s royalty aggregator strategy.
  • The Board is fully committed to supporting their efforts as they accelerate the expansion of XOMA’s royalty portfolio,” stated W. Denman (Denny) Van Ness, Lead Independent Director of XOMA.
  • Mr. Sitko brings deep expertise in royalty monetizations having been involved with the asset class for over 15 years as an investor, investment banker, and strategy consultant.

Global Diversified Marketing Group Announces Engagement with Spencer Clarke LLC Investment Banking Services

Retrieved on: 
Wednesday, January 4, 2023
Acquisition, ISLAND, Investment banking, Spencer Clark, Securities & Exchange Commission of Pakistan, OTC, Security (finance), Financial services, Management

ISLAND PARK, N.Y., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., Delaware corporation (OTC: GDMK) (the “Company”), announced it has entered an Investment Banking relationship with New York based boutique Investment Bank, Spencer Clarke LLC, to provide financial services.

Key Points: 
  • ISLAND PARK, N.Y., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., Delaware corporation (OTC: GDMK) (the “Company”), announced it has entered an Investment Banking relationship with New York based boutique Investment Bank, Spencer Clarke LLC, to provide financial services.
  • The Company intends to leverage Spencer Clarke relationships with major financial institutions for the purposes of expansion, acquisition, and enhancement of shareholder value.
  • For more details, please refer to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 8, 2022, at https:\\www.sec.gov
    Paul Adler, President & CEO of Global Diversified Marketing Group, commented: “We believe this relationship will help us execute on our expansion plans in 2023 and will help us implement our acquisition strategy as well as accelerate our growth.”
    “The company has demonstrated its ability to grow and has a multifaceted business and we look forward to helping them scale with new opportunities.
  • The ecommerce segment continues to grow exponentially, giving Global opportunity to own unique assets is a priority,” comments Reid Drescher, President & CEO at Spencer Clarke.

Ryvu Therapeutics Announces Closing of Equity Offering with Gross Proceeds Over PLN 250 Million

Retrieved on: 
Thursday, December 22, 2022
RVU, Acceleration, Investment banking, Partnership, Warsaw Stock Exchange, Investment, Therapy, LLS, Leukemia, Supervisory board, MBank, Leukemia & Lymphoma Society, Public offering, Series, Plan, Public, EUR, BioNTech, COVID-19, European Investment Bank, PLN, Pharmaceutical industry, Security (finance)

As a result of the Public Offering, Ryvu has obtained gross proceeds of PLN 250.3 million from institutional and individual investors as well as BioNTech and The Leukemia & Lymphoma Society (LLS).

Key Points: 
  • As a result of the Public Offering, Ryvu has obtained gross proceeds of PLN 250.3 million from institutional and individual investors as well as BioNTech and The Leukemia & Lymphoma Society (LLS).
  • Considering all funds secured – including collaboration payments, European Investment Bank funding, and grants - the Company will have approximately PLN 500 million at its disposal to implement its development plans for 2022-2024.
  • The Leukemia & Lymphoma Society Therapy Acceleration Program® (LLS TAP) acquired 80,181 shares in the equity issue for approximately PLN 4.5 million.
  • Ryvu's Chief Executive Officer, Pawel Przewiezlikowski, bought 182,000 shares in the share issue for approximately PLN 10 million.

Stifel to Acquire Torreya Partners

Retrieved on: 
Thursday, December 22, 2022
Investment banking, Partnership, Biotechnology, Research, Knowledge, Broker-dealer, Sale, NYSE, Eaton Partners, Torreya, Conference, SF, Publishing, Miller Buckfire & Co., Bank, Incorporated, Stifel

ST. LOUIS, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire Torreya Partners LLC (“Torreya”), a leading independent M&A and private capital advisory firm serving the global life sciences industry.

Key Points: 
  • ST. LOUIS, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire Torreya Partners LLC (“Torreya”), a leading independent M&A and private capital advisory firm serving the global life sciences industry.
  • “We view Stifel as the right partner to help us accelerate growth across industry, product, and geographic coverage,” noted Tim Opler, Torreya Managing Director and Co-Founder.
  • Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC.
  • Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions.

Wells Fargo to Announce Fourth Quarter 2022 Earnings on Jan. 13, 2023

Retrieved on: 
Friday, January 6, 2023
Banking, Professional Services, Finance, Investment banking, WFC, Wells Fargo, News, Corporation, Commercial bank, Multimedia, Security (finance), Wealth, Investment management, NYSE, Fargo, Housing

Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2022 earnings results on Friday, Jan. 13, 2023, at approximately 7:00 a.m. Eastern time.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2022 earnings results on Friday, Jan. 13, 2023, at approximately 7:00 a.m. Eastern time.
  • In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20230106005022/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    The company will host a live conference call on Friday, Jan. 13, at 12:00 p.m. Eastern time.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo Enters into Agreement with CFPB to Resolve Multiple Issues

Retrieved on: 
Tuesday, December 20, 2022
Banking, Professional Services, Finance, National Operating Committee on Standards for Athletic Equipment, WFC, Corporation, Security (finance), Wells Fargo, Annual report, Consumer, NYSE, Investment management, Comptroller, Operation, Investment banking, Real Estate Settlement Procedures Act, Commercial bank, Risk management, Risk, Wealth, Housing, Consumer Financial Protection Bureau, Human, Control (management), News, Multimedia, CFPB, Wells Fargo Center, Bank, Cryptocurrency, Management

As part of the settlement, Wells Fargo entered into a consent order, which lays out a path to termination after the company completes the remainder of the required actions.

Key Points: 
  • As part of the settlement, Wells Fargo entered into a consent order, which lays out a path to termination after the company completes the remainder of the required actions.
  • This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind us,” said Charlie Scharf, Wells Fargo’s Chief Executive Officer.
  • Also today, the CFPB is terminating its August 20, 2016 consent order relating to Wells Fargo’s student loan servicing.
  • Wells Fargo has made significant progress in strengthening its risk and control infrastructure over the past several years.

Galaxy To Acquire Helios Bitcoin Mining Facility from Argo Blockchain

Retrieved on: 
Wednesday, December 28, 2022
Bitcoin, LLP, Ecosystem, SEDAR, Communication, Immersion, ARB, TSX, Growth, Risk, Failure, LSE, Cayman Islands, Acquisition, Investment banking, Cryptocurrency, Venture, Helios, Galaxy, Mining

NEW YORK, Dec. 28, 2022 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or "the Company"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire the Helios bitcoin mining facility and its related operations from Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) ("Argo") for approximately $65 million.

Key Points: 
  • NEW YORK, Dec. 28, 2022 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or "the Company"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire the Helios bitcoin mining facility and its related operations from Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) ("Argo") for approximately $65 million.
  • Galaxy intends to utilize Helios as its flagship proprietary mining facility and retain the entire operations team.
  • Argo will also enter into a two-year hosting agreement with Galaxy, securing a place for Argo's mining machines at the Helios facility.
  • Helios is the second planned bitcoin mining facility that Galaxy will own and operate.