Top Investment Banking News for 01/18/2009



RBS chief reversing overseas buys - International Herald Tribune

Daily Mail

RBS chief reversing overseas buys
International Herald Tribune, France - 3 hours ago
What is clear is that Hester will drastically shrink the investment banking arm by deleveraging the business, removing risky trading activities and focusing .
Why should bailed-out bank bosses receive obscene salaries (and . Daily Mail
all 6 news articles
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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

stv.tv

UBS Agrees to Sell Commodities Units to Barclays
Wall Street Journal - Jan 16, 2009
The Swiss bank will transfer its portfolios and clients to Barclays Capital, the investment banking unit of the UK's Barclays PLC. It will mark UBS's second .
UBS Sells Tranche Of Commodities Operations To Barclays EasyBourse.com
AP Executive Morning Briefing Forbes
UBS sells its base metals, oil, US energy to Barclays Reuters India
Reuters UK
all 144 news articles
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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

Reuters UK

Citi 4Q Loss Narrows,To Focus On 2 Business Lines
CNNMoney.com - Jan 16, 2009
Pandit and Crittenden said underlying revenue in the investment-banking business was strong, for example. Stripping out market-related write-downs, .
Citigroup posts loss; banking giant will split in two Los Angeles Times
Citi, BofA results hammered by financial crisis MarketWatch
Citigroup to split as losses grow Tehran Times
Kansas City Star - Bloomberg
all 1,164 news articles
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Investment banking to join commercial core (Financial Times)
Citigroup s decision to dismantle some elements of the EUR˜banking 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

ABC News

Merrill Lynch Lost $39.1 Billion In Six Quarters
Wall Street Journal - Jan 16, 2009
Merrill's commodity business and investment banking remained relatively strong. Investment banking revenue was $718 million, down 4% over the third quarter. .
Lewiss Merrill, Countrywide Buys May Hurt Him, Bank of America Bloomberg
Merrill's Asia banking head to start new fund-source Reuters
Highlights and Lowlights of BofAs Earnings Call Wall Street Journal Blogs
CNNMoney.com - Euro Week
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BMO Capital Markets Announces Senior Investment Banking Hire - PR Newswire (press release)

BMO Capital Markets Announces Senior Investment Banking Hire
PR Newswire (press release), NY - Jan 16, 2009
Tom brings over 15 years of investment banking experience working with corporate and private equity clients focused on the industrials sector. .
BMO Hires Industrials MD in Chicago Markets Media News
Lee Westerfield Joins Media Investment Banking Team at BMO Capital . 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

Rating agencies, investment banks criticized over transparency of .
Business Mirror, Philippines - 3 hours ago
The originators of many of the products, the investment banks or manufacturers, also come in for criticism. About one-third (34 percent) of fund managers .
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JPMorgan Dodges a Bullet . for Now - Motley Fool

Reuters

JPMorgan Dodges a Bullet . for Now
Motley Fool - Jan 16, 2009
Of the big banks, JPMorgan might seem like the most investment-worthy, but let's put that in perspective: Big banks in general seem like investment suicide .
JPMorgan Ekes Out Profit On WaMu, Comml Lending CNNMoney.com
JP Morgan posts Q4 profit despite investment banking losses Investment Executive
JPMorgan Reports Slim Profit in Tough Quarter New York Times
Bloomberg - AFP
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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

Sify

Morgan Stanley plans full-service local investment bank
The Australian, Australia - Jan 14, 2009
. told The Australian this morning EURœthis is the next step in our plans to create a full-service investment banking operation in AustraliaEUR. .
Video: Money Minute: Citigroup, Cessna, Oil AssociatedPress
How To Sell Citi Forbes
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
CNNMoney.com
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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: EURœWe 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

Hidalgo Mining International (HMIT) President and Investment Bank .
MSNBC - 21 hours ago
. NY, announced that the President of the Company, along with a representative of an investment banking group from New York, have left for a final due .
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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

Uncle Sam must be activist investor
San Francisco Chronicle,  USA - 17 hours ago
They stuck by Citigroup's financial supermarket structure, a one-stop shop of everything from consumer loans to investment banking. .
Washington Post Staff Writers Washington Post
US Plots New Phase in Banking Bailout Wall Street Journal
Bank bailout: Get ready for next phase CNN
Bloomberg
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