Top Investment Banking News for 01/15/2009



Morgan Stanley plans full-service local investment bank - The Australian

Sify

Morgan Stanley plans full-service local investment bank
The Australian, Australia - 9 hours ago
. told The Australian this morning EURthis is the next step in our plans to create a full-service investment banking operation in AustraliaEUR. .
Video: Money Minute: Citigroup, Cessna, Oil AssociatedPress
Meltdown 101: The fate of 'financial supermarkets' The Associated Press
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
CNNMoney.com
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Barclays set to cut 2,100 banking jobs: source (Reuters via Yahoo! News)
Britain's Barclays Plc is cutting over 2,100 jobs across its investment banking and investment management (IBIM) units, or about 7 percent of their staff, a person familiar with the matter said on Tuesday...

CIBC overhauls investment banking business (Investment Executive)
CIBC World Markets has reorganized its investment, corporate and merchant banking activities, formerly managed as one unit, into three distinct lines of business, the company confirmed on Tuesday...

Barclays is believed to be cutting about 2100 jobs worldwide in .
Barclays: is believed to be cutting about 2100 jobs worldwide in investment banking and money management as it slashes costs to cope with the fall-out from the...

German Stocks Fall for Sixth Day; Postbank, Siemens Lead Slide - Bloomberg

Sky News

German Stocks Fall for Sixth Day; Postbank, Siemens Lead Slide
Bloomberg - 19 hours ago
Vivacon AG (VIA GY) plunged 10 percent to 3.23 euros after UniCredit Markets & Investment Banking downgraded the investor in residential properties to .
HSBC, Deutsche Bank send European shares sliding The Australian
Deutsche Bank Profit Warning -- the Start of More Problems for EU . BusinessWeek
Deutsche Bank shakes financial sector with third quarter loss of . guardian.co.uk
Reuters - Independent
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Nigerias Naira May Fall 10% by Year-End, RMB Says - Bloomberg

Nigerias Naira May Fall 10% by Year-End, RMB Says
Bloomberg - 17 hours ago
The naira will depreciate to 170 per dollar by year-end, Gunther Kuschke, a sovereign-risk analyst at RMB, the investment banking unit of FirstRand Ltd. in .
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Barclays to Cut 2100 Jobs in Investment Units - DealBook Blog .
Barclays plans to cut more than 2100 jobs in its investment banking and investment management units, or about 7 percent of the work force, news agencies reported Tuesday afternoon. The investment banking unit, Barclays Capital, ...

Merrill Investment Banking Chief Leaves Firm - Financials * US .
Greg Fleming, co-president of Merrill Lynch and head of its investment banking unit, has offered his resignation to the firm, sources told CNBC, only days after Merrill completed its merger with Bank of America...

FT.com / Companies / Banks - Barclays to cut 2100 jobs worldwide .
Barclays is cutting about 2100 jobs worldwide in investment banking and money management as it slashes costs to cope with the fall-out from the credit crisis. The company, which swallowed up the US operations of collapsed investment ...

Barclays to Cut 2100 Jobs in Securities, Fund Units - Bloomberg

BBC News

Barclays to Cut 2100 Jobs in Securities, Fund Units
Bloomberg - Jan 13, 2009
13 (Bloomberg) -- Barclays Plc, the fourth-largest UK bank, plans to cut about 2100 jobs at its investment bank, fund management and private banking units. .
Barclays to cut 2100 jobs worldwide CNN
Barclays set to cut 2100 banking jobs -source Reuters
S'pore jobs likely hit Straits Times
AFP - RTT News
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Barclays UK investment banking IT jobs hang in the balance (Computer Weekly)
Barclays is planning another 2100 global redundancies in its investment banking businesses . T he UK and London are set to see...

Daily Updated Indian Jobs for Freshers- Experienced: BUSINESS .
BUSINESS ANALYST - LOAN / INVESTMENT BANKING. Location: Bengaluru/ Bangalore Key Skills: "BUSINESS ANALYST", "CLIENT INTERACTION", " TECHNICAL DOCUMENTATION", "INTERACT Specialization: Business/Systems Analysis Job Function: ...

Citigroup commercial, investment banking to form 1 unit - SmartBrief

Citigroup commercial, investment banking to form 1 unit
SmartBrief, DC - 18 minutes ago
. with Citigroup deciding to break itself up, but insiders said the banking giant is committed to investment-banking activities that focus on its clients. .
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Ernst & Young bank index falls
The fall in bank confidence was entirely attributable to the investment banking sector, with confidence falling sharply from its third quarter reading of 81 index points to its current reading of 46. Retail banks, on the other hand, ...

How To Sell Citi - Forbes

New York Times

How To Sell Citi
Forbes, NY - 16 hours ago
Consumer banking lost $1.8 billion through the third quarter and corporate and investment banking lost $10 billion. What Pandit wants is a return to the old .
Say goodbye to the big Citi CNNMoney.com
Citigroup decides that it was (almost) all a big mistake TIME
Citigroup: Let the Breakup Begin BusinessWeek
New York Times Blogs - BloggingStocks
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Malaysia 2009 corporate bond issuance seen sharply lower - Reuters

Malaysia 2009 corporate bond issuance seen sharply lower
Reuters - 2 hours ago
John Chong, head of debt markets at Maybank's investment banking unit, said such a slowdown would be in line with market expectations. .
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naked capitalism: CT: Citi to Split Investment and Commercial Bank
I had Citi as a client in the 1980s, and served them in a small way in their efforts to make inroads into investment banking. It looked like a quixotic effort with commercial banks seeming likely to remain relegated to the margins: ...

The Global Financial Crisis Will Cost Western Banks a Share of . - Money Morning

Reuters

The Global Financial Crisis Will Cost Western Banks a Share of .
Money Morning - 1 hour ago
By William Patalon III In mid November, Bank of American Corp. (BAC) ponied up more than $7 billion to nearly double its already existing investment in the .
Sun Starts to Set on Bank Empires Wall Street Journal
RBS raises 1.7bn in Bank of China stake sale Independent
RBS to announce Bank of China share deal Times Online
RTT News - Scotsman
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Investment banking firm Amherst Partners helps companies . - MLive.com

MLive.com

Investment banking firm Amherst Partners helps companies .
MLive.com, MI - 34 minutes ago
by Julie Edgar | Michigan Business Review Helping companies restructure is positioning Amherst Partners, a regional investment banking firm, to withstand .
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Investment banking to join commercial core (Financial Times)
Citigroup s decision to dismantle some elements of the EURbanking supermarket model championed a decade ago by Sandy Weill raises questions about the future of its investment banking division...

Investment Banking and the Future of Wall Street by Jose Roncal .
The current economic meltdown has changed the face of Wall Street, possibly forever. For decades the energy in the market had been fueled by high-rolling investment bankers, but look what's happened in the last eight months...

CIBC taps Lehman veteran to lead investment banking (Reuters via Yahoo! Canada News)
Canadian Imperial Bank of Commerce has hired a former Lehman Bros official to lead its investment banking operations, CIBC said on Tuesday...

Barclays Capital appoints new head of investment banking for Canada (Banking Business Review)
Barclays Capital has appointed Tim Kitchen as managing director and head of investment banking for Canada. In his new role, Mr Kitchen will be based in Calgary and will oversee the firms Toronto and Calgary investment banking teams...

UK: Barclays to cut 2,100 jobs in investment banking and investment management units (Minneapolis-St. Paul Star Tribune)
LONDON - Barclays PLC will cut 2,100 jobs in its investment banking and investment management units in response to the global economic downturn, according to people close to the decision...

Barclays to cut 2,100 jobs in investment banking and investment management units (INO News)
(AP:LONDON) Barclays to cut 2,100 jobs in investment banking and investment management units. Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed...

A Second Day of Job Cuts at Barclays - DealBook Blog - NYTimes.com
The announcement comes a day after the bank said it would cut 2100 positions at its investment banking unit, Barclays Capital; at its wealth management business and its fund management operation. That brings the total of planned job ...

New accounting rules could curb investment banking fees .
According to Dealogic, investment banking revenue fell 35% in 2008. New rules that require companies to show how much they're paying for advice on deals that generally end up destroying value could set the industry up for further ...

Merrill's Asia banking head to start new fund-source - Reuters

The Money Times

Merrill's Asia banking head to start new fund-source
Reuters - Jan 14, 2009
By Michael Flaherty HONG KONG, Jan 14 (Reuters) - Merrill Lynch's former Asia investment banking head is starting his own private equity fund, .
Merrill Asia's Trainor To Set Up Private Equity Fund - Source CNNMoney.com
Bank of America May Receive US Aid for Merrill Lynch Purchase Bloomberg
Changes underway at Merrill post BoA takeover FinanceAsia
CharlotteObserver.com - Washington Post
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Barclays to cut 2,100 jobs in investment unit: source (AFP via Yahoo! News)
British banking giant Barclays will cut 2,100 jobs in its investment banking and investment management arms globally, a bank source told AFP on Tuesday...

CIBC shakes up investment banking business (The Globe and Mail)
Canadian Imperial Bank of Commerce has hired a former Lehman Bros. executive to run its investment banking business, part of a shakeup of CIBC World Markets that will also see the departure of deputy chairman David Leith...



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