Top Investment Banking News for 01/23/2010



Moody's cuts BMO's long-term rating over investment banking - Soundoff
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Obama vs banks: Implications on the financial system - Moneycontrol.com

Reuters

Obama vs banks: Implications on the financial system
Moneycontrol.com
One of the things the administration wants to get out of here is the investment banking arms of commercial banks, (which) enjoy a lower cost of funds .
Banks urge Britain not to join US crackdownIndependent
Instant View: Obama proposes limits on bank risk-takingReuters
Obama wants to limit bank sizeCNNMoney.com
Telegraph.co.uk -Wall Street Journal -BBC News
all 4,126 news articles »
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Investment Banking \ Capital Markets - Associate Investment .
Associate Investment Banking jobs in CALGARY currently available at Scotiabank. Additional CALGARY investment banking \ capital markets jobs also available at Scotiabank...

Some Hedge Funds See Opportunity - Wall Street Journal

Some Hedge Funds See Opportunity
Wall Street Journal
Broadly outlined, it would curb banks' ability to trade firm capital through proprietary investment accounts, hedge funds or private-equity firms, .

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Jefferies Has Profit on Investment-Banking Gains - BusinessWeek

Jefferies Has Profit on Investment-Banking Gains
BusinessWeek
EURThe company benefited from a significant improvement in investment banking,EUR Michael Hecht, an analyst at JMP Securities in New York, wrote in a note today .
Investment Banking Pushes Jefferies to 4Q ProfitABC News
Prudence Pays Off for JefferiesEURand Its WorkersWall Street Journal
Jefferies Expands Global Consumer Investment Banking GroupTrading Markets (press release)
Seeking Alpha (blog) -Investor's Business Daily -RTT News
all 95 news articles »
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BNP Paribas Debt Rating Cut by Moodys on Investment Banking (Bloomberg)
Jan. 20 (Bloomberg) -- BNP Paribas SA , Frances largest bank, had its credit rating cut one step by Moodys Investors Service, which cited risks related to investment banking and the integration of Fortis...

Investment banking pushes Jefferies to 4Q profit (AP via Yahoo! News)
Jefferies Group Inc. on Wednesday posted a fourth-quarter profit that easily beat Wall Street expectations, as stronger revenue from investment banking reversed its year-ago loss...

RBC Names New Head of U.S. Investment Banking (New York Times)
The Royal Bank of Canada on Tuesday named a new head of U.S. investment banking as the firm seeks to bolster its American footprint...

Jefferies Has Fourth-Quarter Profit on Investment Banking (Bloomberg)
Jan. 20 (Bloomberg) -- Jefferies Group Inc. , the New York- based brokerage that specializes in mid-sized companies, returned to a fourth-quarter profit of $93.5 million on investment banking revenue...

R.B.C. Names New U.S. Investment Banking Head - DealBook Blog .
The Royal Bank of Canada said on Tuesday that it has hired a new head of US investment banking and other bankers as the firm seeks to bolster its American footprint...

Glass-Steagall 3.0? | Daily Markets
Moreover, there have been trial balloons floated regarding the reinstatement of the Glass-Steagall Act, legislation that separated commercial and investment banking activities. Time for Glass-Steagall 3.0? Is that enough? ...

Goldman Posts Record 4Q Profit, Restrains Compensation - Wall Street Journal

Reuters

Goldman Posts Record 4Q Profit, Restrains Compensation
Wall Street Journal
But investment-banking revenue moved higher, after falling almost a third in the third quarter. It rose 82% from the previous quarter to $1.64 billion. .
Will Goldman Sachs help, or kill and eat, Sacramento?Sacramento News & Review (blog)
Goldman Sachs' record profit is upstaged by Obama's planLos Angeles Times
Goldman Surprises on EPS and CompensationMorningstar.com
Seeking Alpha (blog) -MarketWatch -Benzinga
all 803 news articles »
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Investment banking pushes Jefferies to 4Q profit (San Francisco Chronicle)
Jefferies Group Inc. on Wednesday posted a fourth-quarter profit that easily beat Wall Street expectations, as stronger revenue from investment banking reversed its year-ago loss. For the three months ended Dec. 31, the firm earned $93.5 million, or 46 cents. Investment Banks - Wall Street - Jefferies & Company - Business - Financial services..

The "Volcker Rule' could clarify roles and risks in the financial system - Washington Post

Telegraph.co.uk

The "Volcker Rule' could clarify roles and risks in the financial system
Washington Post
Under the Volcker Rule, only less-risky commercial banks would in theory enjoy that status. Investment banks, hedge funds and private equity firms would be .
Yearning for Glass-Steagall on Capitol HillNew York Times (blog)
Game over for banks?National Post (blog)
The Volcker Plan and the Politics of Financial Regulatory ReformAtlantic Online (blog)
Wall Street Journal -FT Alphaville (blog) -Economist
all 281 news articles »
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BofA Defers More Investment Banking Pay, CEO Says - BusinessWeek

Earthtimes (press release)

BofA Defers More Investment Banking Pay, CEO Says
BusinessWeek
The capital markets, investment banking and wealth-management units at the Charlotte, North Carolina-based firm EURperformed very well during the quarter,EUR .
Bank of America loss grows on TARP paybackMarketWatch
Bank Of America Posts $5.2 Bln Loss On TARP RepaymentRTT News
Bank of America Announces 2009 Net Income of $6.3 BillionPR Newswire (press release)
StreetInsider.com (subscription) -Reuters
all 572 news articles »
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Obama's Banking Proposals: The Impact on Europe : Kevin Trudeau Show
In Europe, major banks have traditionally adhered to the one-stop-banking, or EURuniversal bank,EUR concept of bundling traditional commercial banking with investment banking and other financial services under one roof. ...

Moody's cuts BMO's long-term rating over investment banking - CBC.ca

Moody's cuts BMO's long-term rating over investment banking
CBC.ca
Bank of Montreal's long-term ratings were cut one grade by Moody's Investor Service, which cited unstable earnings potential from the investment banking .
Moody's Cuts BMO Debt Ratings A Notch; Outlook RaisedWall Street Journal

all 43 news articles »
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Jefferies Expands Global Consumer Investment Banking Group (Business Wire via Yahoo! Finance)
NEW YORK----In a further expansion of its Global Consumer Investment Banking Group, Jefferies announced today the appointment of Nigel Bell as a Managing Director. Mr. Bell will focus on the Consumer Products Sector...

The Volcker Rule: Obama Proposes New Banking Regulations .
Although the Volcker Rule has parallels with the defunct Glass-Steagall Act that created a wall between commercial banks and investment banking firms, it doesn't go that far. The repeal of the Glass-Steagall Act allowed banks and ...

Obama bashes the banks to shift the blame | John Redwood MP
So, whilst the issue EUR do you split wholesale from investment banking may be valid, it is disingenuous of politicians (like Vince) to imply that the economic recession was due squarely to investment banking. ...

Morgan Stanley posts $617 million profit in fourth quarter as investment banking rebounds (Minneapolis-St. Paul Star Tribune)
NEW YORK - Morgan Stanley said Wednesday it earned $617 million during the last three months of 2009 as its investment banking operations profited from its Smith Barney joint venture...

Is a Citi Anchor Dragging on Bank? - Wall Street Journal

New York Daily News

Is a Citi Anchor Dragging on Bank?
Wall Street Journal
Tucked away inside Citigroup is one of the world's largest investment banks. But after a lackluster fourth quarter, reported Tuesday, .
Citigroup Has Second Annual Loss After Repaying USBusinessWeek
Hightlights Fom Citi's Q4 Conference Call; Enormous Progress Made in Recent .StreetInsider.com (subscription)
Citigroup's $7.6 billion lossAljazeera.net (blog)
New York Times (blog)
all 716 news articles »
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Do accounting software packages handle investment banking .
Do accounting software packages handle investment banking requirements. 2010 January 22. Tags: Accounting, Banking, handle, investment, Packages, requirements, Software). Posted by svcd4ads. Interview with R. Venkata Subramani, Author, ...

Wall Street Compensation Rises; Fails To Reach 2007 Heights - CNNMoney.com

Reuters

Wall Street Compensation Rises; Fails To Reach 2007 Heights
CNNMoney.com
(JPM) saw its investment bankers benefit from the demise of competitors in the investment banking space, raising its compensation above 2007 and 2008 levels .
Banks stung by criticism over pay despite recent changesWashington Post

all 129 news articles »
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Weak trading results overwhelm strong investment banking revenue - MarketWatch

The Guardian

Weak trading results overwhelm strong investment banking revenue
MarketWatch
Morgan Stanley did better in investment banking. The firm said it was the top global advisor on mergers and acquisitions in 2009. In the fourth quarter, .
Morgan Stanley Earns $617M in Fourth QuarterABC News
Morgan Stanley Gives Glimpse Of What's To ComeMorningstar.com
Corporate EarningsDenver Post
Wall Street Journal (blog) -Forbes -Seeking Alpha (blog)
all 566 news articles »
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Morgan Stanley posts $617 million profit in fourth quarter as investment banking rebounds (Daily Press)
NEW YORK (AP) EUR Morgan Stanley said Wednesday it earned $617 million during the last three months of 2009 on profits from its investment banking and retail brokerage businesses...

Moody's cuts BMO's long-term rating over investment banking
Bank of Montreal's long-term ratings were cut one grade by Moody's Investor Service, which cited unstable...

Jefferies Has Profit on Investment-Banking Gains (Update2) (Bloomberg)
Jan. 20 (Bloomberg) -- Jefferies Group Inc. , the New York- based brokerage that specializes in mid-sized companies, swung to a fourth-quarter profit of $93.5 million as investment- banking revenue more than doubled and said it will resume paying a dividend...

A spate of executive departures from Citadel Investment Group's start-up banking unit highlights hurdles Kenneth . (eFinancial News)
A spate of executive departures from Citadel Investment Group's start-up banking unit highlights hurdles Kenneth Griffin faces as he tries to expand his Chicago-based firm beyond the hedge funds it is best known for...

A Road Map To Online Investment Banking
No matter what purpose you are going through online investment banking for, there are a few things that you are going to want to be aware of. You can use online investment banking for both personal and business banking, ...



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