Crazy to see how many MDs have left Barclays since April, just saw Jefferies new release. They poached the Head of Financial Sponsors, and co-head both previously at Barclays until now.
Thoughts on Barclays future with all MDs leaving? Obviously always a BB but interesting times for them.
| +2,435 | Bank of America - Juniors Strike to start Monday May 6th | 259 | 30s | |
| +706 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 73 | 2h | |
| +461 | This is a dark day for Wall Street. | 30 | 1h | |
| +158 | Big Layoff at Barclays - 5/1/24 | 86 | 11h | |
| +119 | “Americans just work harder” | 54 | 1d | |
| +114 | Analyst at Bofa FIG-Thoughts | 15 | 3s | |
| +101 | Shame on you, BofA. But also, the industry needs to change. | 15 | 1h | |
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| +72 | Sleeping on Jefferies??? | 35 | 23h | |
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sigh of pain… That’s nice
They are bottom 3 BB with DB/UBS.
Rankings/dealflow puts them at 6 for BBs which I think is high, but i guess they are solely going off of deals and fees
That's for the entire year, and they are barely above UBS. DB isn't even top 10, but I think it's fair to say Barclays/UBS is the same tier at least Global league table-wise. Also, keep in mind Barclays seniors leaving has been recently, so it might take a bit longer to be fully reflected as the deals those seniors worked on earlier in the year still count for this year's rankings. Realistically, I would still guess it would be 6th or 7th among the bulges(assuming Citi restructuring doesn't somehow have it joining UBS/Barclays).
Edit : re-looked at league tables, they were also below UBS last year in terms of global M&A deals. I think they remain in that place now.
This is why I hate recruiting two years in advance I had no idea the economy would be shit and then Barclays would also go to shit 😭
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