Top Investment Banking News for 01/16/2009



Toward Universal Banking | Truhst
But the deregulatory decision most often cited by lefty (and not so lefty) observersEURthe 1999 repeal of the Depression-era Glass Steagall Act that had separated depositary banking from investment bankingEURis actually looking pretty good ...

Bahrain bank launches investment banking unit
Bank of Bahrain and Kuwait (BBK) yesterday launched wholesale Islamic investment banking arm with an authorised capital of $500 million (Dh1.8 billion) and paid-up capital of $125m. The new bank EUR named Capinnova Investment Bank EUR is ...

Head of Investment Banking | Jobs in Dubai, UAE by IRM Solutions .
We cover many sectors within the financial services spectrum offering careers & employment opportunities in Investment Banking, Asset Management, Private Banking & Wealth Management, Retail Banking, Mortgages, Insurance & Finance. ...

Charlotte final destination for most on down plane - The Associated Press

Charlotte final destination for most on down plane
The Associated Press - 10 hours ago
Bank of America is based in Charlotte, but its corporate investment bank is in New York, where the company also has a large retail and consumer banking .
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Hidalgo Mining International (HMIT) Announces Company in . - MSNBC

Hidalgo Mining International (HMIT) Announces Company in .
MSNBC - 6 hours ago
. mining company headquartered in Port Washington, NY, announced that they have started negotiations with a major investment bank in New York City. .
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Making Sense of Banking Woes, With Help From Seinfeld | Bear .
On Tuesday, Citigroup announced that it would be merging its investment banking/brokerage business, under the Smith-Barney name, with Morgan Stanley, and that the financial giant would relinquish its controlling interest in the ...

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

ABC News

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 Gets $138 Billion Lifeline for Merrill Losses Bloomberg
BofA's Ken Lewis caught in struggle of his life CharlotteObserver.com
FinanceAsia - CharlotteObserver.com
all 2,707 news articles
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BREAKINGVIEWS.COM More pain ahead for investment banking - International Herald Tribune

BREAKINGVIEWS.COM More pain ahead for investment banking
International Herald Tribune, France - 10 hours ago
After Lehman Brothers went bust, it felt like investment banking had hit rock bottom. The failure of the US firm sent the industry into a tailspin. .
Investment banking nadir looking yet more distant Breakingviews
all 2 news articles
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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...

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 ...

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...

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, ...

JPMorgan Ekes Out Profit On WaMu, Comml Lending - CNNMoney.com

Boston Globe

JPMorgan Ekes Out Profit On WaMu, Comml Lending
CNNMoney.com - 16 hours ago
As expected, investment banking generated dismal results. Large corporate and middle-market loan growth held up, however, as did deposits. .
Video: Business Update: Banks still hurting ReutersVideo
JP Morgan posts Q4 profit despite investment banking losses Investment Executive
JPMorgan Reports Slim Profit in Tough Quarter New York Times
Bloomberg - AFP
all 1,189 news articles
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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...

Group Led by Volcker Urges More Oversight of Banks - Bloomberg

Economist

Group Led by Volcker Urges More Oversight of Banks
Bloomberg - 19 hours ago
Volcker said the recommendation fall short of a revival of the Glass-Steagall law that separated insurance, commercial banking and investment banking. .
Policymakers weigh up proposals for re-regulating global finance . Economist
Obama Adviser Presents Plan to Alter Global Financial System Washington Post
Volcker: Regulate to prevent future crisis CNNMoney.com
Reuters - Markets Media News
all 48 news articles
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JP Morgan's investment bank lost $2.4 billion - MarketWatch

JP Morgan's investment bank lost $2.4 billion
MarketWatch - 23 hours ago
By Greg Morcroft , , ) said Thursday that its investment banking operations lost $2.4 billion in the fourth quarter. "The weaker results reflected a .
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Morgan Stanley plans full-service local investment bank - The Australian

BBC News

Morgan Stanley plans full-service local investment bank
The Australian, Australia - Jan 14, 2009
. 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
Say goodbye to the big Citi CNNMoney.com
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
Forbes
all 3,091 news articles
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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...

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

Straits Times

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
Barclays to cut 2100 jobs in investment unit: source AFP
Straits Times - RTT News
all 642 news articles
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Insider Trading: Now Brought To You By Masters of the Universe - Wall Street Journal Blogs

Insider Trading: Now Brought To You By Masters of the Universe
Wall Street Journal Blogs, NY - 20 hours ago
The banker, Hafiz Muhammad Zubair Naseem, was a member of Credit Suisses energy investment banking group. He was charged with conspiracy and 25 counts of .
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The bottom for investment banking is slipping from view (Daily Telegraph)
After Lehman Brothers went bust it felt like investment banking had hit rockbottom...

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...

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...

Investment Banking BSC - The Key to a Bank's Success | cool blog
Regular banks offer the public products, such as loans and deposits, while investment banks offer services, such as raising capital, providing investment advice, and the like. Source:Investment Banking BSC - The Key to a Bank's Success ...

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...

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...

merger of Morgan Stanley and Smith Barney and what that means for .
Investment banks were essential in demand creation for equities and research paid for itself many times over via investment banking fees from the issuing companies. With investment banks clinging to one another for dear life in order to ...

Stocks Slide on Jobless Claims, Banking Woes (Washington Post)
NEW YORK, Jan. 15 -- Stocks finished slightly higher Thursday after the Dow Jones industrial average briefly dipped below 8000 on a sharper-than-expected increase in new claims for jobless benefits and on fresh concerns about the banking sector, as Bank of America reportedly seeks billions of dollars in additional government aid...

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...

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...



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