Top Investment Banking News for 01/24/2010



Barclays Capital head 'slates Obama bank plan' - AFP

AFP

Barclays Capital head 'slates Obama bank plan'
AFP
GENEVA EUR The chairman of investment bank Barclays Capital, Hans-Joerg Rudloff, has criticised President Barack Obama's plans to rein in US banks as .

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The All Nighter: Extending Your Investment Banking Network
If you have graduated from a reputable university, going to investment banking will be easier for you. Getting a banking interview is not hard. However there are some that might have a hard time because the process is not simple. ...

Investment banking pushes Jefferies to 4Q profit - CNBC

Investment banking pushes Jefferies to 4Q profit
CNBC
Investment banking revenue soared to $193.9 million from $87.2 million, while revenue from principal transactions was $132.7 million, compared with a .

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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...

Hamish McRae: The President's plan should be global and belie its .
Commercial banking is different from investment banking. It requires different skills, different management structures and investors with different priorities. But I feel the President's rhetoric is naive and the ...

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...

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...

Credit Suisse cuts bonuses of top investment banking staff .
Credit Suisse cuts bonuses of top investment banking staff...

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...

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..

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

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Bank of America Announces 2009 net income of $6.3 Billion - Trading Markets (press release)

Bank of America Announces 2009 net income of $6.3 Billion
Trading Markets (press release)
Highertrading account profits, investment and brokerage services fees and investmentbanking income reflected the addition of Merrill Lynch and significantly .
BofA loses $5.2B in 4Q as it repays bailoutKMPH Fox 26

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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...

Moody's cuts BMO's long-term rating over investment banking - Soundoff
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BANKING INQUIRY: get ready for the blame game (Sunday Business Post)
Be careful what you wish for. Those who clamoured for an inquiry into what caused the Irish banking meltdown will eventually discover that it takes more than a small group of bad guys to cause a credit-fuelled property bubble...

Mizuho keen on banking licence in Malaysia (Business Times (Malaysia))
It is believed that Mizuho Financial Group may be pursuing one of several new banking licences that Malaysia plans to offer by 2012...

Little impact from Obama's bank plan - Korea Herald

The Guardian

Little impact from Obama's bank plan
Korea Herald
Investment banking activities by securities companies in Korea could not outgrow much from mere stock trading while commercial banks concentrated their .
Finding the Good in Obama's New Bank Reg PlansFrumForum
Hamish McRae: The President's plan should be global and belie its naive rhetoricIndependent
Obama wants to limit bank sizeCNNMoney.com
Moneycontrol.com -Telegraph.co.uk -Reuters
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Bus firm sets God's - Daily Mail

Washington Post

Bus firm sets God's
Daily Mail
Most under the spotlight will be Royal Bank of Scotland, which had been expected to pay out 1.5 billion to its investment bankers worldwide. .
Goldman Posts Record 4Q Profit, Restrains CompensationWall Street Journal
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
Morningstar.com -Seeking Alpha (blog) -MarketWatch
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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
Morgan Stanley Whiffs on EarningsWall Street Journal (blog)
Denver Post -Wall Street Journal -Forbes
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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
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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, ...

Credit Suisse Recruits Investment Banking Duo - Deal Journal - WSJ
Credit Suisse Group has hired a former vice chairman from Morgan Stanley and a co-head for France, as lenders free of state funding continue to hire investment bankers from rivals...

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...

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...

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...

Barclays defers bonus payments
Investment Banking News. Investment Banking Newss Goldman Sachs' profit and remuneration soars. Savings & Investment News. Savings & Investment News Nationwide raises rates for Fixed Rate Bonds. Borrowing & Lending News ...

Volcker Rule is necessary to prevent bank failures turning into a crisis - Telegraph.co.uk

New York Times (blog)

Volcker Rule is necessary to prevent bank failures turning into a crisis
Telegraph.co.uk
It enforced a separation between commercial and investment banking in an effort to prevent a repetition of some of the practices which had helped to cause .
Glass-Steagall 3.0: A Modest ProposalSeeking Alpha (blog)
Yearning for Glass-Steagall on Capitol HillNew York Times (blog)
The "Volcker Rule' could clarify roles and risks in the financial systemWashington Post
Daily Finance -National Post (blog) -Atlantic Online (blog)
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(AFX UK Focus) 2010-01-24 16:19 UPDATE 1-Blackstone chief says eyeing UK banking market (Interactive Investor)
RIYADH, Jan 24 (Reuters) - U.S. investment group Blackstone is examining the possibility of entering the UK banking market, its chief executive Stephen Schwarzman said on Sunday. Last week sources familiar with the matter said that Blackstone, one of the world's leading buyout firms, had applied for a British banking licence and was working alongside fund manager Cambridge Place on a 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)
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The All Nighter: How much does an Average Investment Banker Earn
Getting an investment banking job is rather difficult. This is because they limit people who break in and raise money out of it. Being an investment banker is a good idea especially if you want to earn huge amount of money. ...



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