And as energy businesses begin to resemble industrial producers, they will attract the interest of industrial businesses, even beyond the mining space, the banker says.
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When she asks for an explanation, the banker says a hold has been placed on her account because it is new, as a matter of routine.
The American Banker Association says its members fear that the rule is too broad and that its complexity will not only make it impossible for banks to comply but also affect their ability to compete globally.
That evening, Mr. Ebersman, in consultation with Mr. Grimes, decided to increase the size of the offering after Mr. Grimes told him the order book was "dramatically oversubscribed, " says a banker involved in the process.
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Investment banker Williams says the bottom already has been reached, with Chinese companies trading at 20% discounts to U.S. comparables.
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Indonesia, which allows 49% foreign stakes in listed institutions and 85% in joint ventures, is to enact laws lifting the limits, says central banker Achman.
Part of the problem, says a banker close to Comcast, was that it did not do a good enough job of convincing its own shareholders that merging the two firms would produce more than the sum of the parts.
"We see many reasons why secondary will continue to grow even further in the coming years, " says Sam Schwerin, the former Blackstone banker who owns and runs Millennium.
"But this is the sort of experience that is very new to us, " says the Manila-born former banker.
So any purchase would have to be big, and the right piece of the jigsaw, says an investment banker.
Walling off research from the rest of the firm is a severe constraint on the investment banker plying his trade, says Mr Hayes.
The pace of change is so fast, says one World Banker, that, while in some countries the Bank has to push for change, in others it has to run hard to keep up with the national administrations.
"It's the same as buying on an Indian reservation, " says Brock Squire, the owner of Coldwell Banker La Costa in Puerto Vallarta.
Anxious for Henry's approval, Edward says he will not become a banker like his father, says he will refuse the political legacy that is his due, says he will leave that to his older brothers and will, instead, pursue a life of solemn contemplation.
"TPI is the one deal that will become a template for other restructuring around the region, " says a European banker.
Eventually CFAO may be disintermediated as markets develop and big firms begin selling directly, but that will probably take generations, says a banker involved in the listing.
Sandy Robertson, a veteran Silicon Valley investment banker, says that, if the market continues to shun good publicly traded dot.coms, venture capitalists may soon start to take them private again.
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Ironically, says a senior banker with the firm, it might take a bear market to decide the issue for Lazard and to dictate whether the bank will have an independent future.
"The luxury market seems to have taken a bit of life very recently, " says Didier Lepauw of Coldwell Banker Residential Brokerage, who has the listing for the most expensive home on our Midwest list.
"It's the right thing to do, " says Coldwell Banker CEO Jim Gillespie, of his company's program.
"The mass inefficiency in corporate America is where I see the opportunity, " says Jeffrey Rich, 39, ACS' CEO, a former Citibank investment banker who joined the company soon after it was formed in 1989.
And Nexteer's new owners are eager to buy the company because of its more than 1, 000 patents, says Jack Chen, an investment banker at Los Angeles's Transworld Capital Group who helped arrange the deal.
"We want to avoid giving the impression that we are the banker of last resort to any shareholder, " he says.
Private initiatives like Coldwell Banker's won't hurt the economy, says Gayer, but if they are anything like the federal initiative, they won't help much either.
In Taiwan, says Mr Huang, the goal of every banker is to know his clients so well he can be a matchmaker for their children.
'Several villagers can trace their ancestors to the pilgrims, ' says Ken Traugot, a former banker who settled here with his wife Debra to raise their daughter, breed retrievers and run a guesthouse.
Billionaire banker Uday Kotak, who founded and runs the bank, says this latest move signals a strategic shift.
"This is exactly the opposite of what I was doing" as a banker, he says.
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