• Inside the biggest balance transfer of all time: How JPMorgan moved $57 billion in 6 hours so Bayer could pay for Monsanto

    2 monthes ago - By Business Insider

    JPMorgan collected almost $57 billion in cash so that German drugmaker Bayer could pay for its purchase of Monsanto in the biggest all-cash acquisition of all time.
    While not advising on the deal, JPMorgan was chosen to handle the operational complexity of moving around the money.
    The bank has been investing in its treasury services business for times like this.
    The day had finally arrived.
    Almost two years after German drugmaker first made an offer to acquire Monsanto , and almost 18 months after Bayer finally secured a $66 billion deal to buy the agrochemical company , it was time last...
    Read more ...

     

  • Inside the biggest balance transfer of all time: How JPMorgan moved $57 billion in 6 hours so Bayer could pay for Monsanto

    Inside the biggest balance transfer of all time: How JPMorgan moved $57 billion in 6 hours so Bayer could pay for Monsanto

    2 monthes ago - By Business Insider

    JPMorgan collected almost $57 billion in cash so that German drugmaker Bayer could pay for its purchase of Monsanto in the biggest all-cash acquisition of all time.
    While not advising on the deal, JPMorgan was chosen to handle the operational complexity of moving around the money.
    The bank has been investing in its treasury services business for times like this.
    The day had finally arrived.
    Almost two years after German drugmaker first made an offer to acquire Monsanto , and almost 18 months after Bayer finally secured a $66 billion deal to buy the agrochemical company , it was time last...
    Read more ...