Top Investment Banking News for 01/18/2009
RBS chief reversing overseas buys - International Herald Tribune
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Citigroup posts loss; banking giant will split in two (Los Angeles Times) The company reports a fourth-quarter loss of $8.3 billion. The restructuring will result in a primary business focusing on commercial and investment banking. Citigroup Inc. reported an $8.3-billion fourth-quarter net loss today and announced that it would divide into two businesses, a fundamental restructuring that reverses the corporate expansion strategy it has vigorously pursued for two ... | ||
BMO Capital Markets Announces Senior Investment Banking Hire (CNW Group via Yahoo! Finance) BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group announced today that it has hired Tom Krasnewich as a Managing Director in its US Industrials practice based in Chicago... | ||
UBS Agrees to Sell Commodities Units to Barclays - Wall Street Journal
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Lee Westerfield Joins Media Investment Banking Team at BMO Capital Markets to Focus on Broadcasting Sector (CNW Group via Yahoo! Finance) BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group , announced today that Lee Westerfield, Managing Director, has moved into a new role with the Business Services & Media Group to drive the firm's investment banking focus on broadcasting companies... | ||
Citi 4Q Loss Narrows,To Focus On 2 Business Lines - CNNMoney.com
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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... | ||
Washington Banking Company Receives $26.38 Million Investment Under U.S. Treasury's Capital Purchase Program (GlobeNewswire via Yahoo! Finance) OAK HARBOR, Wash., Jan. 16, 2009 -- Washington Banking Company , parent company of Whidbey Island Bank, announced today that it has completed raising approximately $26.4 million in capital by issuing 26,380 shares of Series A Preferred Stock for $1,000 per share to the U.S... | ||
BBK launches Islamic investment banking arm - Islamic Finance . Shari'a compliant launch by the Bank of Bahrain and Kuwait has paid-up capital of $125mn... | ||
Merrill Lynch Lost $39.1 Billion In Six Quarters - Wall Street Journal
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BMO Capital Markets Announces Senior Investment Banking Hire - PR Newswire (press release)
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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 ... | ||
BankMuscat extends mobile banking services (AME Info) BankMuscat has widened the reach of its mobile banking service. The bank now offers a host of transactions through a common short code available to customers using Oman Mobile and Nawras connections... | ||
Rating agencies, investment banks criticized over transparency of . - Business Mirror
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JPMorgan Dodges a Bullet . for Now - Motley Fool
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US looks at fresh bank investment after 26bn losses (Daily Telegraph) The US government is investigating new ways of addressing continued dislocation in the US banking sector contemplating a second round of investment in the hope of reducing banks' exposures to "toxic" illiquid assets... | ||
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 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... | ||
Morgan Stanley plans full-service local investment bank - The Australian
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Exotics Rates Business Analyst - Investment Banking London . Exotics Rates Business Analyst - Investment Banking London. Blog about graphics, graphic design, web design, graphic design tutorials, tips, articles, photoshop, images, filters, plugins, and other graphics tools... | ||
Barclays cuts 2100 investment banking jobs - find career advice . A bank spokesman, meanwhile, said: EURWe can confirm that we have begun a consultation process to reduce headcount across some parts of IBIM (investment banking and investment management) to ensure that we are appropriately sized given ... | ||
Banking and Financial (Mondaq) In a letter to the Alternative Investment Management Association, the FSA has urged hedge funds not to attempt to circumvent the current ban on short-selling in financial stocks, using supposed loopholes described on some websites... | ||
naked capitalism: FT: 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 bottom for investment banking is slipping from view (Daily Telegraph) After Lehman Brothers went bust it felt like investment banking had hit rockbottom... | ||
Market Data Commercial Analyst - Investment Banking - Investment . Job Title: Market Data Commercial Analyst - Investment Banking, Sector: Investment Banking, Location: City of London, Type: Contract, Salary: 450 to 500 per day... | ||
Kuwaiti firms urged to devise their own crisis plans - Banking . The government has also faced demands to support troubled Kuwaiti investment firms, which make up more than half of the country's listed companies and offer typical investment banking services. Kuwait's largest investment bank, ... | ||
The End of Investment Banking | TakePart Social Action Network˘ This past weekend signaled the end of an era in American capitalism with the two remaining US Investment Banks changing their status under SEC rules... | ||
Hidalgo Mining International (HMIT) President and Investment Bank . - MSNBC
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The End of Banking as We Know It (New York Times) Maybe we can go back to a banking model designed to do more than simply enrich the folks at the top of the enterprise while shareholders and taxpayers absorb all the hits... | ||
Uncle Sam must be activist investor - San Francisco Chronicle
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Comment by Christopher Whalen