Exact(5)
brand represents nearly a quarter of BlackRock's total asset pile and continues to grow at a more rapid clip than its actively managed bond and equity divisions.
At that time, JP Morgan had two other private equity divisions — JPMorgan Partners, a unit that made a broad range of investments, and Corsair, an arm that invested in financial services.
The private equity divisions of the two investment banks sold their combined stakes to HSBC in 2005 for about $1 billion — a 14-fold increase on their initial investment.
Apart from the subprime calamity, Merrills investment banking and institutional equity divisions had a good year: Revenue climbed 23% to $13.2 billion.
He ran an extremely successful joint venture between the firm's fixed income and equity divisions.
Similar(50)
Have the private equity division make irredentist territorial claims against the small loans division, inducing Balkanization.
Roughly half of that capital is held by the firm's private equity division.
Goldman's private equity division is separate from its investment banking unit.
The investigation resulted in the departure of several managers of the equity division and a tightening of internal controls.
UBS said in October that the co-heads of the equity division in London, where the trades occurred, had resigned.
Citigroup has already sold its real estate arm, its SkyBridge Capital hedge fund group and its private equity division.
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