Category: Articles
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Wall Street Investment Bank Revenue Increases Before U.S. Election Date
Deal-making revenue for some investment banks improve for the third quarter of 2024. One such bank is New York-based Lazard. Lazard is optimistic about its recent merger and acquisition (M&A) activity. The financial holding company is led by its CEO Peter Orzag, who is an Obama administration official at the White House. Orszag was the…
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Will Bain Strip or Grow Wealth Management Software Company Envestnet?
Private equity firms are on the prowl for U.S. listed financial technology companies engaged in the wealth management sub-industry. Private equity mammoth Bain Capital, LP signed a deal to acquire Envestnet, Inc. (NYSE: ENV), a Berwyn, Pennsylvania, financial software maker, for $4.5 billion, or $63.15 per share. Envestnet provides technology and automation software for financial…