Top Investment Banking News for 01/22/2009



UBS restructures fixed-income. trading, to cut jobs - Reuters

Reuters

UBS restructures fixed-income. trading, to cut jobs
Reuters - 21 hours ago
One of the hardest-hit banks in the current credit crunch, UBS has been looking for months for ways to restore profits at its investment banking division by .
Swiss bank UBS confirms it will cut more jobs The Associated Press
UBS sets "radical" fixed-income changes, job cuts guardian.co.uk
all 114 news articles
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Merrill Lynch Lost $39.1 Billion In Six Quarters - Wall Street Journal

BBC 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
Highlights and Lowlights of BofAs Earnings Call Wall Street Journal Blogs
SOUTHPAW: Will Orcel be the next Merrill star to leave Kens house . Euro Week
FinancialWeek (subscription) - CharlotteObserver.com
all 4,569 news articles
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Research and Markets: 2009 Trendology: U.S. Investment Banking & Securities Dealing (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "2009 Trendology: U.S. Investment Banking & Securities Dealing" report to their offering...

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 ...

French official sees growth around zero in 2009 - The Associated Press

French official sees growth around zero in 2009
The Associated Press - 7 hours ago
The government's forecast "is definitely too optimistic," said Tullia Bucco, an economist at UniCredit Markets and Investment Banking in Milan. .
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UBS to cut investment banking jobs (The Globe and Mail)
Swiss bank will eliminate 5,000 positions, report says..

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...

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Britain needs to get serious to save itself from bankruptcy - Daily Times

Britain needs to get serious to save itself from bankruptcy
Daily Times, Pakistan - 21 hours ago
Events in America last week showed how the contagion in so-called investment banking - I prefer casino banking - is murdering honest-to-God commercial .
Nationalizing the Bank Problem New York Times
Nationalization Fears Grow as UK Banks Sink Wall Street Journal
Investors take out their panic on Barclays Business Report
This is Money - Wall Street Journal
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UBS to cut investment banking jobs (The Globe and Mail)
ZURICH EUR” Swiss bank UBS AG will announce more job cuts in its investment banking division next month, a spokesman said Thursday, declining to specify a figure...

Bank of America Names Moynihan to Head Global Banking and Wealth Management; Montag to Report to CEO (ITNews)
CHARLOTTE, North Carolina, January 22 /PRNewswire/ -- Bank of America today announced that Brian Moynihan has been named President of Global Banking and Global Wealth and Investment Management...

Banking and Financial (Mondaq)
On January 14, 2009, Treasury released a standard form term sheet detailing the terms and conditions for its direct investment in banking institutions organized as subchapter S-corporations (S-Corps) pursuant to the Troubled Assets Relief Program (TARP) Capital Purchase Program (CaPP)...

Systemwide crisis leaves Hub banks hobbling - Boston Globe

Systemwide crisis leaves Hub banks hobbling
Boston Globe, United States - 11 hours ago
It is now expected to fire 1000 employees of its investment banking business this week. State Street Corp. shares plunged 59 percent on Tuesday after the .
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» Investment Banking talismenseries.com
Investment banking is offered by some banks and financial institutions to government or private sectors to raise funds by issuing and selling shares and securities in the capital market. The securities include both debts ...

US Bancorp Q4 2008 Earnings Call Transcript - Seeking Alpha

Dividend.com

US Bancorp Q4 2008 Earnings Call Transcript
Seeking Alpha, NY - Jan 21, 2009
Other income in the third quarter included $39 million of losses related to the bankruptcy of an investment banking firm. In addition, third quarter results .
US Bancorp 4Q profit falls on higher credit costs The Associated Press
Long-Term Investor Investor's Business Daily (subscription)
US Bancorp profit falls to lowest since 2001 MSNBC
all 378 news articles
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Swiss bank UBS confirms it will cut more jobs - Kansas City Star
Swiss bank UBS AG will announce more job cuts in its investment banking division next month, a spokesman said Thursday, declining to specify a figure...

Aero Performance Products, Inc. Announces Investment Banking Agreement for Jones Exhaust Products, Inc. Acquisition (Business Wire via Yahoo! Finance)
BLUFFDALE, Utah----Aero Performance Products, Inc. , which owns controlling interest in Aero Exhaust, Inc., a world leader in performance exhaust airflow technology, today announced that the company has engaged an investment banking and mergers and acquisitions advisory firm to assist Aero Performance Products in the execution of its acquisition strategy...

Boutique Investment Banking Firm Marlin & Associates Expands Staff, Adds Two Senior Members, Opens Toronto Office (Marketwire via Yahoo! Finance)
Marlin & Associates, the New York and Washington, DC-based boutique investment banking advisory and consulting firm, today affirmed its leadership in advising U.S. and international middle-market information and technology firms by announcing that Tom Selby, former Vice President of Business Development and 13-year veteran of SunGard Data Systems, and Byron Sproule, a former Executive Director ...

Job Maldives: Investment Banking Salaries: Just How High Are They?
Find the latest job openings in Maldives. The blog for job Hunters...

Java Derivatives Analyst/Programmer - Investment Banking .
Job Title: Java Derivatives Analyst/Programmer - Investment Banking, Sector: Investment Banking, Location: London, Type: Permanent, Salary: 65000 to 70000 per annum...

Fresh UBS job cuts suggest more to come for sector - Reuters

Fresh UBS job cuts suggest more to come for sector
Reuters - 1 hour ago
The bank is already planning to cut more investment banking jobs, an internal memo obtained by Reuters showed, in a bid to slash costs and re-focus on its .
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Global banking losses to hit 3.6 trillion dlrs: Roubini (AFP via Yahoo! News)
The financial crisis may lead to 3.6 trillion dollars in losses and writedowns for the global banking sector, an economist who was among the first to predict the meltdown said Thursday...

BMO Capital Markets hires senior investment banking executive (Banking Business Review)
BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, has hired Tom Krasnewich as a managing director in its US industrials practice based in Chicago...

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 ...

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Watch Harry & Paul - Tony Blair: Investment Banking Intern - Harry Enfield, Paul Whitehouse - 20080920 Funny Video, Humor, Comedy, LOLCats Video, Video humor...

Bank of America to Cut About 1000 From Banking Unit - Bloomberg

ABC News

Bank of America to Cut About 1000 From Banking Unit
Bloomberg - Jan 21, 2009
Bank of America spokesman Scott Silvestri declined to comment on cuts in investment banking. He said the reductions announced in December have begun. .
Ken Lewis Is Getting Lonely Forbes
Bank of America Drops on Capital Concerns Dow Industrials
Financial News: Cuts Begin At Bank of America Merrill Lynch Wall Street Journal
Washington Post - Bloomberg
all 825 news articles
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Bank of America Soars as Lewis, Directors Buy Shares - Bloomberg

China Daily

Bank of America Soars as Lewis, Directors Buy Shares
Bloomberg - 22 hours ago
The company declined to comment on the stock purchases or on job cuts that may affect the investment banking unit, spokesman Scott Silvestri said. .
Citigroup, JPMorgan shares jump USA Today
Bank of America scoops up stock on open market BloggingStocks
Lewis BofA Buy Doesnt Match EUR˜Brians Song For Drama Barron's Blogs
guardian.co.uk - Bloomberg
all 113 news articles
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UBS To Cut More Investment Banking Jobs (TheStreet.com)
A spokesman said job cuts were revealed in an internal memo and that that number of jobs lost will be revealed next month when UBS posts fourth-quarter figures...

Bank Stability: A More Radical Solution - Private Equity Hub

Bank Stability: A More Radical Solution
Private Equity Hub, MA - 39 minutes ago
Peter J. Solomon is Founder and Chairman of Peter J. Solomon Company, LP, an investment banking firm. He was Counselor to the Secretary of the Treasury .
No easy exit for nationalization Asia Times Online
DIARY-Federal Reserve Events Reuters India
all 21 news articles
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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 ...



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