Entries tagged "Banc of America Securities LLC"
Goldman, Sachs & Co. has led the auction block league tables since inception. Is there any reason to believe it will give up its lead now, so soon before the end of our inaugural season (which spans the 2008 calendar year)? None whatsoever. There are few sure things in life (death, taxes and economic recession, among others) but you can just about take this one to the, uh, bank. Goldman even managed to extend its lead with two new clients. Finding bidders for one (CB Realty Finance) is sure to be tough given the nature of its business. But...
As you may have heard by now, October was a rather tumultuous month in world financial markets. In the early parts of the month, credit was all but unavailable for nearly everybody, and hiring activity froze up as a result. Fortunately, that has now begun to change. With LIBOR easing, dealmakers are starting to dip their toes back into the market. We're not out of the woods yet, but the worst may be over (at least in loan markets; equities and the broader economy are an entirely different issue of course, but no need to go there)....
