Jefferies cuts energy bankers as M&A slowdown takes toll -sources [Reuters (UK)]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Reuters
Jefferies cuts energy bankers as M&A slowdown takes toll: sources - Reuters 2 Min Read HOUSTON/NEW YORK (Reuters) - Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank reacts to a slowdown of mergers and acquisitions activity among oil and gas companies, sources familiar with the matter said on Friday. The job cuts were concentrated within the group that focuses on sales of acreage and smaller assets, known in the industry as the Acquisitions and Divestitures (A&D) team, and were predominantly junior staff helping with technical roles, according to three of the sources. Jefferies declined to comment. The sources all spoke on condition of anonymity as the information isn’t public. Dealflow involving oil and gas exploration and production companies has slumped this year to its lowest level in a decade, excluding the large acquisition by Occidental Petroleum Corp of Anadarko Petroleum Corp. The slowdown comes as shareholders, unhappy with y
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JEF
Earnings
- 3/27/24 - Miss
JEF
Sec Filings
- 3/28/24 - Form 424B2
- 3/28/24 - Form 424B2
- 3/27/24 - Form 8-K
- JEF's page on the SEC website