We are not the only classless vultures trying to make a little $$$ off of the stuff happening over at LEH. DealBook reports that as of this morning, the domains bofalehman.com, barclayslehman.com, hsbclehman.com and hsbclehmanbrothers.com have all been purchased. As for the first, we're fine with a little competition, especially when that competition doesn't hold a candle to bankofbrothers.com. Regarding the last two--I'm going to pass on this bit of anecdotal evidence we received last night, which probably proves nothing but which we are clinging to for dear life, as we've already put in our two weeks in anticipation of flipping this baby for an amount that will afford us the luxury of not needing a job:
....a friend of mine works in M&A at HSBC and he hasn't been working late or going in early this week. And with that I can officially knock down any "HSBC is buying LEH" rumors.
Betting on a Lehman Merger in Cyberspace [DealBook]
Posted by guest , Sep 12, 2008 12:04PM
Agreed- HSBC is barely an investment bank- their comfort level is with retail and merchant banking not investment banking and in particular they have little appetite for capital markets risk. The only area where they take meaningful trading risk is FX and that is because they are in bed with HKMA and Bank of England. The 2 cultures could not be farther apart. I am starting to think that while several firms might want Nuberger Berman but no one really wants Lehman
Posted by guest , Sep 12, 2008 12:05PM
according to charlie gasparino, he breaks every story
"that's the story we broke yesterday."
"cnbc has been breaking these stories"
"you heard it here first"
"we broke that story first"
suck off
Posted by guest , Sep 12, 2008 12:07PM
"we, WE broke the fidelity story"
Posted by guest , Sep 12, 2008 12:12PM
Anyone else hearing rumors of a coordinated massive intervention/rate cut/bail out this weekend by global CBs?
Posted by guest , Sep 12, 2008 12:16PM
Does M&A at HSBC? Is that like being the Maytag repair man without the prestige?
Posted by diablo , Sep 12, 2008 12:29PM
The slimeball who wrote the DealBook story I bet got the idea to write it from Bess's fabulous bet yesterday.
Posted by JP , Sep 12, 2008 12:31PM
#5 - Now THAT'S funny.
Posted by guest , Sep 12, 2008 12:32PM
@diablo-- and did you notice the DBDB (dealbookdouchebag) didnt mention www.bankofbrothers.com at all?
Posted by guest , Sep 12, 2008 12:34PM
A HSBC M&A banker I hear you say!!??
I never knew of such species of M&A bankers. I am shocked! I have spent the past 30 minutes looking up Wiki and other websites to see if I can find a picture of a HSBC M&A banker but I had no success.
I'm only kidding. But apart from their natural resources and mining M&A team (Adrian Coates), all their M&A bankers are of an inferior kind. They only get hired because of their balance sheet.
Posted by diablo , Sep 12, 2008 12:34PM
#8
my point in calling him a slimeball.
Posted by guest , Sep 12, 2008 3:52PM
actually, there is a federal law called the anti cyber squatting act (ACPA) that deals with these punks. bankofbrothers is legit but other people just extorting businesses tradenames and marks are screwed. the whole get rich of other's domain names is old school 1990s.
Posted by guest , Sep 12, 2008 3:52PM
actually, there is a federal law called the anti cyber squatting act (ACPA) that deals with these punks. bankofbrothers is legit but other people just extorting businesses tradenames and marks are screwed. the whole get rich of other's domain names is old school 1990s.
Posted by guest , Sep 12, 2008 3:52PM
actually, there is a federal law called the anti cyber squatting act (ACPA) that deals with these punks. bankofbrothers is legit but other people just extorting businesses tradenames and marks are screwed. the whole get rich of other's domain names is old school 1990s.
Posted by guest , Sep 12, 2008 5:25PM
HSBC actually has pretty decent EMEA M&A operations. The United States is a joke, though.