He said that for years before the October 1987 crash, conditions were considered to be "highly in excess and nothing happened in the markets.""When I talk to people in the markets, I say there is one date you ought to keep in mind: Oct. 19, 1987," Rubin told CNBC senior finance and banking reporter Leslie Picker at the Summit.But the "ultimate serious consequences," which Rubin said he believes are "highly likely to be out there," lead him back to October 1987.The effects of the rising debt are just barely ...

Core Viewpoint - PJT Partners Inc. will have its Chairman and CEO, Paul J. Taubman, present at the Goldman Sachs 2025 Financial Services Conference on December 9, 2025, at 2:20 p.m. ET, with a live webcast available on their website [1] Company Overview - PJT Partners is described as a premier, global, advisory-focused investment bank that emphasizes a different approach to investment banking, built from the ground up [1] - The company prides itself on its highly experienced and collaborative teams that provide independent advice along with high-touch client service [1] - PJT Partners has successfully attracted top talent in the markets it operates in, allowing it to deliver leading advice to significant global companies [1] - The firm is involved in transformative transactions and restructurings, raising billions of dollars in capital to support both startups and established companies [1]

Core Viewpoint - PJT Partners Inc. will have its Chairman and CEO, Paul J. Taubman, present at the Goldman Sachs 2025 Financial Services Conference on December 9, 2025, at 2:20 p.m. ET, with a live webcast available on their website [1] Company Overview - PJT Partners is described as a premier, global, advisory-focused investment bank that emphasizes a different approach to client service and advice [1] - The company prides itself on its highly experienced and collaborative teams that provide independent advice and high-touch client service [1] - PJT Partners has successfully attracted top talent in the markets it operates in, delivering leading advice to significant companies and facilitating transformative transactions and restructurings [1] - The firm has raised billions of dollars globally to support both startups and more established companies [1]

Core Viewpoint - Twenty One Capital, Inc. is set to become the first Bitcoin-native company to be publicly listed following the approval of its business combination with Cantor Equity Partners, Inc. by CEP's shareholders [1] Group 1 - The Extraordinary General Meeting of CEP's shareholders was held to discuss the proposed business combination [1] - Shareholders of Cantor Equity Partners, Inc. approved the business combination with Twenty One Capital, Inc. [1] - The approval includes all other proposals related to the business combination [1]

Morgan Stanley is seeing a strong deal pipeline next year for mergers, acquisitions and IPOs, its co-head of investment banking, Mo Assomull, said on Wednesday. ...

Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws following a significant exposure to First Brands Group, which filed for bankruptcy in September 2025 [1][3][5]. Group 1: Investigation Details - The SEC is investigating whether Jefferies provided adequate information to investors regarding their exposure to the auto industry, particularly concerning First Brands Group, which had $12 billion in debt at the time of its bankruptcy [5]. - Bleichmar Fonti & Auld LLP is conducting an investigation into whether Jefferies and Point Bonita made materially false and misleading statements to investors related to their exposure to First Brands [6]. Group 2: Financial Impact - On October 8, 2025, Jefferies disclosed approximately $715 million in exposure to First Brands' receivables, which constituted about 25% of Point Bonita's trade finance portfolio [4]. - Following this announcement, Jefferies' stock price dropped by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [4]. Group 3: Legal Options for Investors - Investors in Jefferies or Point Bonita are encouraged to seek additional information regarding their legal options, as BFA is offering representation on a contingency fee basis [2][7].

Morgan Stanley, one of the key players in financing the AI race, is considering offloading some of its data-center exposure via a so-called significant risk transfer. https://t.co/R6YJtdIzaz ...

Core Viewpoint - The discussion highlights concerns about the blurring lines between investing and gambling, particularly among younger individuals who may be treating investments as a form of gambling rather than a means of wealth accumulation [1][4][7]. Group 1: Investment vs. Gambling - The distinction between investing and gambling is emphasized, with investing being described as compounding and gambling as consumption, which is a zero-sum game [3][6]. - The rise of various gambling platforms, including prediction markets and options trading, is seen as a potential risk to the understanding of traditional investing [2][4]. - The need for education on the differences between investing and gambling is stressed, as the current environment is perceived as a regulatory gray zone [4][6]. Group 2: Market Conditions - The current market is described as having outperformed its fundamentals, with a valuation of 25 times earnings and a 10-year Treasury yield at 10%, raising concerns about equity risk premiums [11][12]. - The discussion includes a mention of the significant wealth transfer occurring, with a caution against treating this wealth as disposable income in gambling contexts [8][10]. - The overall sentiment towards the economy is cautiously optimistic, with acknowledgment of the impact of recent policies and tariffs on investment and job creation [16][17]. Group 3: Company Perspectives - The company expresses a commitment to maintaining a clear distinction between investing and gambling, rejecting the idea of incorporating gambling elements into their business model [7][8]. - There is a recognition of the entertainment aspect of gambling, but a strong preference for focusing on traditional investment strategies [8][9]. - The company is aware of the high valuations in the market and the potential for caution among investors, suggesting a need for strategic planning rather than panic selling [20].

Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws following a probe by the SEC related to their exposure to First Brands Group, which filed for bankruptcy in September 2025 [1][4]. Group 1: Company Overview - Jefferies is an investment banking and capital markets firm, with Point Bonita Capital serving as its trade finance division [2]. - Both Jefferies and Point Bonita were closely associated with First Brands Group, an auto parts supplier that declared bankruptcy with $12 billion in debt [2][4]. Group 2: Financial Exposure - On October 8, 2025, Jefferies disclosed that it and Point Bonita had approximately $715 million in exposure to First Brands' receivables, which constitutes about 25% of Point Bonita's trade finance portfolio [3]. - Following this announcement, Jefferies' stock price dropped by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [3]. Group 3: SEC Investigation Details - The SEC is investigating whether Jefferies provided sufficient information to investors regarding their exposure to the auto business, particularly in light of First Brands' bankruptcy [4]. - The investigation also includes scrutiny of internal controls and potential conflicts of interest within Jefferies and Point Bonita [4]. Group 4: Legal Implications - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors concerning their significant exposure to First Brands and the ongoing SEC investigation [5].

When Scott Galloway was in college, Morgan Stanley recruited him to be an analyst. “I hated investment banking, but the job exposed me to professionalism, intensity and paying attention to details.” https://t.co/a14CnfyF5o ...