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Larry Grafstein joined RBC Capital Markets last year from UBS as the deputy chairman of global investment banking.
Business Insider recently spoke with Grafstein about the surprising turnaround in the markets this year and how 2019 could be just as strong for mergers and acquisitions as the previous two years.
He also discussed how Republican tax reform may have stimulated more capital investment than people anticipated, what’s worrying corporate execs, and why he decided to make the jump to RBC.

What if you got a glimpse into the future, and what you saw terrified you? You’d likely take action to improve your fate.

That may sound like Charles Dickens’ “A Christmas Carol,” but we’re talking about the 2019 mergers-and-acquisitions market.

As Larry Grafstein, the deputy chairman of global investment banking at RBC Capital Markets, tells it, business leaders in December 2018 got a frightening peek at what the next financial crisis or recession might look like — and for some it startled them into a renewed sense of urgency.

After Federal Reserve Chairman Jerome Powell signaled last October that the Fed’s tightening plan was full speed ahead, markets got jittery, feeling it was too much too soon for the American economy. And by December, …read more

Source:: Businessinsider – Finance


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