Comments (15)

 
Nov 10, 2010 - 10:16am

I can't find this corroborated anywhere else, and JEF stock hasn't moved...anyone heard anything?

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
Nov 10, 2010 - 6:40pm

boutiquebank4life:
What is your source? First hand says that they're looking elsewhere. Or is this from your inherently amazing instincts built up over 2 months from your role as a prospective investment banker college student.

You said you heard from a friend at BAML? How is that first hand? We're talking Nomura/Jeffries here.
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
Nov 12, 2010 - 6:46pm

ra:
Better idea: they instead acquire an elite boutique (Evercore/Greenhill).

2 reasons:
1) Smaller investment (see market caps)
2) High profile deals, even if not that many - being on these types of deals is more important than doing a large number of mid-market deals if they want to become a bulge bracket

completely different businesses... plus shares controlled by employees....so would be very difficult to convince them. plus the guys who move to boutiques would not be happy being back at at BB...

 
Nov 12, 2010 - 8:49pm

Not gonna happen, Jefferies has been on an expansion binge and arguably has become pretty solid. Selling out to Nomura would be anathema to their future plans.

People like Coldplay and voted for the Nazis, you can't trust people Jeremy
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