Mizuho Financial Group has agreed to acquire US investment bank Greenhill & Co for $15 per share, in a deal worth $550m. The sale will help the Japanese bank expand its financial business in the US. Greenhill went public almost 30 years ago and was a pioneer in the boutique M&A arena. However, shares in the firm have struggled amid stiff competition from larger rivals in recent years. Greenhill will be housed within Mizuho's existing banking division and led by the current head of banking for the Americas, Michal Katz.
NorthStar Bets has released parlay picks for May 24th's MLB games, with Los Angeles Dodgers' stars Mookie Betts and J.D. Martinez among the quality candidates to have a good day. Its parlay consists of three picks: Betts over 0.5 hits (-235), Martinez over 0.5 hits (-220) and Arizona Diamondbacks first baseman Christian Walker over 0.5 hits (-195). If all three picks come in, the parlay pays out at odds of +215.
First Citizens Bank & Trust has sued HSBC in a federal court in northern California, alleging that the lender poached 42 bankers from Silicon Valley Bank two weeks after First Citizens acquired it earlier this year. The lawsuit claims that HSBC took "confidential, proprietary, and trade secret information" belonging to Silicon Valley Bank to orchestrate the move and accuses a former SVB employee, David Sabow, of being "the chief architect of this scheme". HSBC has declined to comment on the lawsuit.
