Diageo's sale last week of two-thirds of its stake in US foods conglomerate General Mills generated fees of nearly $120m (€97m) for the four US investment banks that underwrote the deal. This made it one of the most lucrative deals of the year.

The share sale was led by Citigroup, Merrill Lynch, Morgan Stanley and Lehman Brothers. UBS acted as financial adviser.

Nick Gilbert

General Mills

Greenhill

Diageo

Citigroup

Morgan Stanley

Why Trump might let down his bitcoin fans

Wall Street fears Trump, but he could be good for business

Why investment bankers struggle to cross-sell wealth management

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

https://images.fnlondon.com/im-38645354?size=1.5

CDPQ hires Sharon White to lead push in Europe

https://images.penews.com/im-05261766?size=1.5

Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Banks net $120m from Diageo sale

Financial News