The Big Wall Street banks got shut out of the Tesla-SolarCity deal

  • Another week, another big tech deal that shut out Wall Street’s top banks.
  • But for the big Wall Street banks that helped coordinate and lead IPOs for both Musk companies, it must have stung.
  • But perhaps more importantly for Wall Street, big banks again got shut out of a major tech deal, and that may be a source of increasing concern among big banks that are facing serious margin pressure this year.
  • Tesla-SolarCity deal shuts out Wall Street’s big banks
  • For the second time in two weeks, Paul J. Taubman’s boutique wound up advising Verizon on a big deal.

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@CNBC: “The Big Wall Street banks got shut out of the Tesla-SolarCity deal”


Another week, another big tech deal where Wall Street’s top institutions didn’t get a piece of the action.


The Big Wall Street banks got shut out of the Tesla-SolarCity deal

Amazon breaks into banking

Time for you to watch our midday live show. talkin' Tesla, Ethereum, Amazon:  @rickjnewman

  • Stephen Guilfoyle, chief market economist at Stuart Frankel & Company joins us live from the New York Stock Exchange.
  • Musk’s master plan Elon Musk finally revealed his second master plan.
  • Amazon has partnered with Wells Fargo to offer interest-rate discounts to some Amazon shoppers.
  • Stocks ( ^DJI , ^GSPC , ^IXIC ) are moderately flat, with healthcare ( XLV ) in the green, while industrials ( XLI ) are lacking.
  • A wheel to electrify your bicycle Sponsored Reuters Videos

Read the full article, click here.


@readDanwrite: “Time for you to watch our midday live show. talkin’ Tesla, Ethereum, Amazon: @rickjnewman”


Stocks (^DJI, ^GSPC, ^IXIC) are moderately flat, with Healthcare (XLV) showing green, while Industrials (XLI) is lacking.  Stephen Guilfoyle, Chief Market Economist at Stuart Frankel & Company joins us live from the New York Stock Exchange.


Amazon breaks into banking