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Banking

US investment banks see early signs of revival in dealmaking

Peter Orszag, CEO of Financial Advisory, Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Oct 27 (Reuters) - Major Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies are looking to merge, offering hope that investment banking revenues could pick up after a disappointing third quarter.Dealogic data showed that globally, investment banking revenue tumbled 16% in the third quarter from a year earlier. But...
Investing

Republican-led US states appeal ruling allowing Biden ESG investing rule

The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsOct 26 (Reuters) - A group of Republican-led U.S. states on Thursday said they would appeal a Texas-based federal judge's decision rejecting their challenge to a rule from President Joe Biden's administration allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.The 26 states, led by Texas and Utah, filed a notice of appeal in federal court in Amarillo....
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