Top Investment Banking News for 02/13/2009



Why investment banking? - College Discussion
I'll tell you why. Because investment banking is the only industry where you can earn BONUSES for f***ing up the American economy. Seriously, I can...

Nomura Launches Investment Banking & Equity Trading Ops In India .
Nomura India has obtained its merchant banking license from the Securities and Exchange Board of India (SEBI) allowing the firm to provide investment banking services. Led by Vikas Sharma and Surojit Shome, deputy head of investment ...

In recession, U.S. MBA students seek backup plan (Reuters via Yahoo! News)
For decades, investment banking was a well-worn path to affluence for business-school graduates. But as Wall Street teeters, many are scrambling to find alternate routes into a brutal job market...

Absa Aims to Maintain Profit on Investment Banking (Update3) (Bloomberg)
Feb. 9 (Bloomberg) -- Absa Group Ltd ., the South African bank controlled by Barclays Plc, aims to maintain profit levels this year as investment and corporate banking earnings counter a decline at its retail unit...

UBS Won't Exit Investment Banking: Report (TheStreet.com)
The giant Swiss bank doesn't plan to abandon investment banking even as it eiminates more jobs, a report says. UBS reports 2008 results Tuesday...

The Royal Bank of Canada | Canada Savings Bonds, Investment .
The Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate, investment banking...

Wall Street Breakfast: Must-Know News - Seeking Alpha

Los Angeles Times

Wall Street Breakfast: Must-Know News
Seeking Alpha, NY - Feb 11, 2009
The investment banking unit had a pretax loss of 7.8B francs in Q4 on 3.2B francs of writedowns on leveraged loans and structured products. .
Video: Geithner Talks Bank Bailout Plan on Capitol Hill AssociatedPress
Geithner Hampered by Staff Deficit as Wall Street Demands Speed Bloomberg
Private capital asks 'What bank rescue plan?' Reuters
Washington Post - Mondaq News Alerts (registration)
all 6,843 news articles
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Nomura launches investment banking operations in India - Corporate .
Nomura launches investment banking operations in India, Nomura Holdings COO Takumi Shibata said: ?India is one of the most important region for Nomura?s global expansion?, Corporate News...

Barclays Exceeds Estimates; Lehman Has EURStrong Start - Bloomberg

Sky News

Barclays Exceeds Estimates; Lehman Has EURStrong Start
Bloomberg - Feb 9, 2009
9 (Bloomberg) -- Barclays Plc reported second-half profit that exceeded analysts estimates, and President Robert Diamond said the investment bank had an .
(Adds comments from press conference, details) guardian.co.uk
Barclays distances itself from bailed-out banks The Herald
Barclays net down 1 pct; top exec bonuses scrapped BusinessWeek
Telegraph.co.uk - The Age
all 426 news articles
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UniCredit to Combine Investment, Corporate Units, May Cut Jobs (Bloomberg)
Feb. 12 (Bloomberg) -- UniCredit SpA, Italys biggest bank by assets, plans to combine its investment and corporate banking units, a reorganization that may be followed by job cuts, two people familiar with the plan said...

FEATURE-In recession, US MBA students seek backup plan - Reuters

FEATURE-In recession, US MBA students seek backup plan
Reuters - 13 hours ago
By Scott Malone CAMBRIDGE, Mass., Feb 13 (Reuters) - For decades, investment banking was a well-worn path to affluence for business-school graduates. .
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Apcims says members are paying for banking failures (Money Marketing Online)
The Association of Private Client Investment Managers and Stockbrokers says it is EURdeeply concernedEUR that the FSA is forcing its members to pick up the tab for banking failures. ...

Thailand May Ease Bank Stake Limits to Attract Funds (Update2) (Bloomberg)
Feb. 13 (Bloomberg) -- Thailand plans to ease restrictions on foreign ownership of banks and may offer new licenses to lure overseas investment and spur lending as Southeast Asias second- biggest economy slows. Banking stocks rose...

Lone Star, Goldman bid for failed Japan REIT: sources - Reuters

Lone Star, Goldman bid for failed Japan REIT: sources
Reuters - 3 hours ago
Nikko Citigroup Ltd, Citigroup Inc's (CN) Japanese investment banking unit, is arranging the sale. New City Residence owns apartment buildings in Ginza, .
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Banks are to suffer from a further deterioration in investment banking revenues, with last month's 23% drop in global . (eFinancial News)
Banks are to suffer from a further deterioration in investment banking revenues, with last month's 23% drop in global fee pool being just the start of their woes, a downbeat report from Credit Suisse has predicted...

Credit Suisse Investment-Banking Compensation Drops 25% - Wall Street Journal Blogs

Globe and Mail

Credit Suisse Investment-Banking Compensation Drops 25%
Wall Street Journal Blogs, NY - Feb 11, 2009
Tuesday, Financial News reported on how staff costs at UBSs investment bank plunged 90% in the fourth quarter and more than halved for the year. .
Investment banking pushes Credit Suisse into SFr8.2bn loss guardian.co.uk
UBS Said to Plan No Unwinding of Investment Bank as Cuts Loom Bloomberg
UBS Won't Exit Investment Banking: Report TheStreet.com
Reuters UK - Bloomberg
all 871 news articles
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Commercial Law: Gambling and Investment Banking--Redundant?
Gambling and Investment Banking--Redundant? Photo by waffler. A story on the front page of today's W$J reinforced a feeling I've had for a while now. Does the nature of the people who are drawn to working as traders at ...

Investment Banking Resumes: Best Investment Banking Resume Sample .
Best Investment Banking Resume Sample EUR Intern. My niece submitted a resume from her schoolmate for my critique. I found it a gem and would like to share with you. This is one the best intern resumes I have seen. ...

Aozoras Sacasa Said to Step Down; Replaced by Prince - Bloomberg

Reuters

Aozoras Sacasa Said to Step Down; Replaced by Prince
Bloomberg - Feb 9, 2009
Shirakawa helped set up Nikko Salomon Smith Barney Ltd., an investment banking joint venture between Citigroup Inc. and Nikko Cordial Corp., .
Aozora Is Another Thorn In Cerberus's Paw Forbes
Aozora To Report $2.2 Billion Loss, CEO Steps Down Wall Street Journal
Prince to take helm as Aozora Bank expects 196 bil. yen annual loss Trading Markets (press release)
The Japan Times - Bloomberg
all 66 news articles
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US Agents Scrutinize Texas Firm - New York Times

Washington Post

US Agents Scrutinize Texas Firm
New York Times, United States - 12 hours ago
Stanford, a diversified financial firm that offers a broad array of services, including investment banking and research, holds about $8 billion in deposits .
Billionaire Stanfords Firm Said to Face US Probe Bloomberg
Stanford Financial eyed by regulators - source FXstreet.com The Foreign Exchange Market
Stanford Financial raised some red flags for rivals Reuters
Orlando Sentinel
all 189 news articles
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Investment Expert: Geithner Speech Lacked Clarity (NPR)
Markets fell dramatically Tuesday after Treasury Secretary Timothy Geithner held a speech on efforts to shore up the nation's banking system. Geithner's speech was short on details when investors hoped for specifics. David Kotok, chief investment officer of Cumberland Advisors, says the financial community was looking for clarity...

Investment firm Stanford Group investigated (Miami Herald)
U.S. regulators are investigating a Texas billionaire's investment firm and his Caribbean bank, which have delivered higher-than-average returns to investors and depositors despite the global meltdown, an official said Thursday...

Wave of Bad Debt Swamps Companies - Wall Street Journal

Wave of Bad Debt Swamps Companies
Wall Street Journal - 10 hours ago
. says Jeffrey Werbalowsky, co-CEO of the investment-banking firm Houlihan Lokey Howard & Zukin, which works on corporate restructurings and bankruptcies. .
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Investment Banking: Australia Edition | Mergers & Inquisitions
Investment Banking Australia: how the culture, pay, recruiting process, and exit opportunities differ from the US/Europe/Asia...

WorldVest Equity Transitions Into a Global Merchant Bank - CNNMoney.com

WorldVest Equity Transitions Into a Global Merchant Bank
CNNMoney.com - 21 hours ago
WorldVest characterizes a Merchant Bank as an organization that offers not only traditional investment banking, asset management and advisory services, .
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Outsourcing Investment Banking To Please Congress - 247 Wall Street
The answer is probably that investment banking will be outsourced. Money management firms already handle cash for outsiders. It may be that the best traders are willing to provide services to their former employers on a ...

Namibia: Bank Windhoek Introduces Investment Servicing (AllAfrica.com)
BANK Windhoek has added investment servicing to its range of products and services...

BofA Reverses Course,Will Pay Bonuses Over 18 Months - CNNMoney.com

New York Times

BofA Reverses Course,Will Pay Bonuses Over 18 Months
CNNMoney.com - 15 hours ago
(BAC) reversed course on a controversial decision to defer 2008 bonus payments for some investment banking staff. The bank's change of plan is designed to .
Outrage As 696 Top Firm Bankers Bag $1m + Bonuses Here Is The City
all 29 news articles
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Investment banking and recession, R1 top Business Schools admits .
GMAT Club blog offers updates on MBA programs, GMAT, Admissions, Business School life, GMAT Club community...

Hawaii Reporter: Hawaii Reporter
EURHunter Wise is one of the most well-respected mid-market investment banking firms in the country,EUR said Larry Gilbert, Managing Director and CEO of Sennet Capital. EURWith eleven offices in the US as well as affiliates in ...



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