Investment bank staff brace for deeper cuts as consultants hunt for hundreds of millions in cost reductions It’s shaping up to be a particularly grim period for Barclays investment bankers, who are now watching McKinsey consultants roam their halls like...
Ken Moelis, the dealmaker who founded his eponymous investment bank nearly two decades ago, is executing a carefully planned succession that underscores the maturation of elite boutique advisory firms on Wall Street. Planned succession reflects sector evolution The...
Investment banking has long suffered from a peculiar form of creative accounting that has nothing to do with balance sheets and everything to do with self-preservation. For years, bankers have mastered the art of pipeline inflation—stuffing their deal forecasts with...
Bottom Line Up Front: Garden leave, long a fixture of investment banking, is facing its most serious existential threat yet. With two major banks reportedly eliminating the practice for directors and above amid the slowest M&A market in years, we may be witnessing...
West Palm Beach, FL – May 21, 2025 Prospect Rock Partners is pleased to announce that Anna Strohsahl, CFA, CFP has joined the firm as a Strategic Advisor, specializing in family office relationships and capital formation for high-growth companies. Anna brings over a...
A recent Wall Street Journal article has exposed the troubling work conditions at Robert W. Baird’s industrials team, where junior bankers have reportedly been working more than 110-hour weeks regularly. The situation gained public attention after a Wall Street...
