Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- There’s “congestion” in the PIPE market — here’s what that means for SPACs.
- JPMorgan’s summer interns for two key business lines will likely work in the office.
- Bankers at Goldman Sachs and Deutsche Bank explain why the Latin American bond market is booming.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
The SPAC M&A frenzy has finally reached its limits and a huge funding logjam is starting to form
Samantha Lee/Insider
PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.
Click here to read the entire story.
JPMorgan just told New York- and London-based investment-banking and sales and trading interns to get ready to head to the office for their summer programs
JPMorgan CEO Jamie Dimon Getty Images
JPMorgan’s incoming interns in two key business lines should prepare to head into the office. We’ve got the scoop on the bank’s plans for New York- and London-based interns in its investment-banking and markets divisions. Read more here.
How bankers at Goldman, Deutsche Bank and more are gearing up for a busy April of emerging-market bond deals
Rodrigo Garrido/Reuters
Latin American bond issuers are expected to flood the market this month. Here’s what else you need to know.
Odd lots:
Bankers Want Power Lunches and Less Machismo in New Office Era (Bloomberg)
Share of black employees in senior US finance roles falls despite diversity efforts (FT)
Family Offices Turn to Private Equity Firms in the Hunt for Talent (WSJ)
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