High-powered financiers and thought leaders from around the globe converged on the exclusive Beverly Hills neighbourhood for the annual Milken Global Conference. This year saw the conference run alongside of some major market-changing events. From the great mind of Dakin Campbell, a reporter for Insider, the five biggest topics discussed at the Milken Conference have been laid bare.
The divide between the Milken Global Conference and the renowned Davos Conference has been laid asunder with Matt Turner, the Editor in Chief of Insider’s business division. Turner clarified the conferences by saying that “Davos is about trying to save the world; Milken is about getting business done.”
Dakin Campbell elaborates on the logistics aspect by adding that the LA traffic makes Milken a much more desirable event than the heavy foot traffic at the Swiss Alps. On top of that, Milken is made with the financier in head, curated to pull contacts together, and to make said contacts “feel cool and important.”
It is relevant to mention Toronto-Dominion Bank and First Horizon with the call off deal for the 13.4 billion merger that was to take place. It was of no surprise as the Wall Street Journal got wind of, and Goldman Sachs’ abrupt halt in their attempt to help Silicon Valley Bank raise funds.
Speaking of Goldman Sachs, they are also facing investigation into their involvement with said Silicon Valley Bank, as reported by Bloomberg. As well as this, the Financial Times provided a scrupulous look into corporate carving outs that had the US public finally getting the biggest IPO since 2021, with JPMorgan and Bank of America leading the underwriters.
The craving of investors and founders to keep a dry head is in demand, so much so it was called the “sober” trend, as reported by CNBC. It is said to have taken Silicon Valley by storm. Other competitive members, as reported by the Financial Times, looking to combat and claim their rights towards the IPO drought. This is not least to mention the life this family of four have given up from the Chicago suburbs to live on a small car-free community off the coast of South Carolina.
The company mentioned in this article was the Toronto-Dominion Bank, which was in the news for attempting to make a $13.4 billion deal with First Horizon. However, the deal was called off due to conflicting reports about the future of the Western Alliance, whose share prices took a wild swing due to the news.
The person mentioned in this article is Matt Turner, the Editor in Chief of Insider’s business division. He made a key distinction between the two conferences, by noting that while Davos is concerned with “trying to save the world”, Milken is “about getting business done”. Matt is also a key figure in analysing how the financial world operates and what kind of conversations are taking place.
