Top Investment Banking News for 02/16/2009



Global stocks fall on banking fears and G7 (Reuters via Yahoo! Canada News)
World stocks and the euro fell on Monday as fresh concerns about the banking sector and the lack of concrete action by Group of Seven finance chiefs fanned worries about the deteriorating global economy...

BBVA, Credit Suisse, Eni, STMicro: European Equity Preview - Bloomberg

BBVA, Credit Suisse, Eni, STMicro: European Equity Preview
Bloomberg - 12 hours ago
Intesa Sanpaolo SpA and UniCredit SpA will provide 400 million euros each and Credit Agricole SAs Calyon investment- banking unit 200 million euros, .
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A support group for investment banking wives - WalletPop Blog
Now the investment banking wives and girlfriends have to adjust to the "new normal" because of the economy. No wonder they are struggling. First a depressed partner, then a limit on their pedicures. Maybe the sky will really fall and ...

Lloyds Banking Nationalization Not Being Considered, U.K. Says (Bloomberg)
Feb. 16 (Bloomberg) -- The U.K. government said it doesnt plan to take full control of Lloyds Banking Group Plc after the lender forecast a 10 billion-pound ($14 billion) loss at its HBOS Plc mortgage unit...

Senior Goldman banker leaves Dubai within year - report - Banking .
Warren was head of UK investment banking at the firm before making the move to Dubai and has a total of 19 years of investment banking experience. In September last year he told delegates at a Dubai International Financial Centre (DIFC) ...

Wall Street Does Need Incentives - New York Times

Calcutta Telegraph

Wall Street Does Need Incentives
New York Times, United States - 13 hours ago
By paying relatively low salaries, investment banks have historically adjusted pay according to earnings and economic circumstances. .
Getting a Grip on Pay Washington Post
Late fix in stimulus bill imposes tighter limits on bank pay Los Angeles Times
Congress imposes stricter limits on bonuses for firms receiving US aid Boston Globe
The Swamp - Tribune's Washington Bureau - BusinessWeek
all 548 news articles
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Pennichuck Corporation Retains Investment Banking Firm (Marketwire via Yahoo! Finance)
Pennichuck Corporation today announced that it has engaged the investment banking firm of Boenning & Scattergood, Inc. to advise it regarding a possible comprehensive settlement of its ongoing eminent domain dispute with the City of Nashua, New Hampshire. A settlement could involve Nashua's acquisition of some or all of the assets of Pennichuck or one or more of its subsidiaries or, ...

Swiss banks go back to basics - AFP

Boston Globe

Swiss banks go back to basics
AFP - Feb 14, 2009
The shift back to a more personalised banking service marks an end to the high-risk driven world of investment banking that the biggest Swiss banks, .
Credit Suisse posts biggest ever yearly loss Global Crisis News
UBS Boosts Wealth Management Franchise To Be In Line With New . GlobalCustodian.com (subscription)
Retreat begins in favour of safer model Financial Times
all 40 news articles
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UPDATE 1-Credit Suisse Asia PE banking head to leave (The Forex Market)
HONG KONG, Feb 16 (Reuters) - Veteran Credit Suisse banker Ronan Agnew, who moved to Hong Kong last year to run its Asia private equity banking group, plans to leave the bank, he said in an email obtained by Reuters...

Bank of America Divides Corporate, Investment Bank - Bloomberg

New York Times

Bank of America Divides Corporate, Investment Bank
Bloomberg - Feb 13, 2009
13 (Bloomberg) -- Bank of America Corp., the largest US lender, will divide its corporate and investment bank into Americas and international units as the .
B of A splits corporate, investment bank: source Reuters
Exclusive: Merrill Lynch Keeps Top Banker From Bolting Wall Street Journal Blogs
BofA Reverses Course,Will Pay Bonuses Over 18 Months CNNMoney.com
Asia Times Online - Business Mirror
all 511 news articles
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UK going mad with anti-bonus fever - Telegraph.co.uk

BBC News

UK going mad with anti-bonus fever
Telegraph.co.uk, United Kingdom - 6 hours ago
Investment banking bonuses deserve to be sharply reduced or cut out altogether. Anecdotal evidence suggests some in the City of London are lobbying their .
Fund squeezes banks over bonuses BBC News
all 4 news articles
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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 contract basis. ...

Business investment to plunge CBI warns (Daily Telegraph)
Britain's business leaders will cut investment across the board for the next 18 months according to the CBI as companies react to the worst year for the economy since the era of rationing...

Investment Banking: Australia Edition | Mergers & Inquisitions
Investment Banking Australia: how the culture, pay, recruiting process, and exit opportunities differ from the US/Europe/Asia...

Citi's top Asia mining banker joins Canadian firm - Reuters

Citi's top Asia mining banker joins Canadian firm
Reuters - 3 hours ago
By Michael Flaherty and Joseph Chaney HONG KONG, Feb 16 (Reuters) - Citigroup's (CN) Asia-Pacific head of metals and mining investment banking is leaving .
Citi's top Asia mining banker goes to Canadian firm Reuters
all 16 news articles
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Billionaire Responds To SEC Probe - Forbes

Washington Post

Billionaire Responds To SEC Probe
Forbes, NY - Feb 13, 2009
The firm provides investment banking, consumer banking, brokerage and asset management services. Among its clients is pro golfer Vijay Singh. .
US agents scrutinize Texas firm International Herald Tribune
Billionaire Stanfords Firm Said to Face US Probe Bloomberg
Antigua takes a look at Stanford Bank amid probe The Associated Press
BusinessWeek - Bloomberg
all 359 news articles
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Recession forces MBA students to seek out a back-up plan - Business Report

Recession forces MBA students to seek out a back-up plan
Business Report, South Africa - 12 hours ago
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 .
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No more toys for the project-based banking deal « socializing finance
Investment banking is the ultimate project-based organization. Banks compete on timeliness. Deals are accomplished by ad hoc networks that form and dissolve around specific projects EUR mergers, acquisitions, initial public offerings, ...

In Case You Missed It: News Round-Up » The Glass Hammer
It also announced further job cuts in investment banking of 1500 to 2000, and reductions in cash bonuses of 95% compared to the previous year. However, UBS did signal that it will retain its investment banking operations. ...

Robert Paterson's Weblog: Renewing the Banking System - Going Back .
In the 1980's the process was begun whereby we in banking fought the regulatory environment and ultimately won - we added back the 1929 structure where investment banking not only was included in the banking mix but of course became ...

Pennichuck Corporation Retains Investment Banking Firm - CNNMoney.com

Pennichuck Corporation Retains Investment Banking Firm
CNNMoney.com - Feb 13, 2009
On November 18, 2008, the City of Nashua announced that it was hiring an investment banking firm to assist it in exploring all possible ways that it might .
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Citi's top Asia mining banker joins Canadian firm (Reuters via Yahoo! Canada News)
Citigroup's Asia-Pacific head of metals and mining investment banking is leaving the bank to take an executive position at Canadian miner SouthGobi Energy Resources , according to that company's website...

Foreign investment distinctions set to go (rediff.com)
The government has decided to do away with the various classifications of foreign investments for the purpose of calculating foreign investment in downstream companies...

Alternative investment instruments gain attention in S Korea (People's Daily)
Alternative investment instruments are gaining more attention in South Korea, as interest rate on traditional saving accounts is cut to a record low, South Korea's Korea Herald reported Monday. The Bank of Korea (BOK) earlier on Thursday slashed the benchmark interest rate by half a percentage point to a record low 2 percent, the sixth reduction in four months. As experts forecast further ...

Investment Banking Resumes: Intern Resume Critique
You might have a long list of your goodies. Try not to list all of them. Consider the readers - What will generate their interest to interview you? Compose a EUR˜best list rather than a EUR˜long list. Investment Banking Intern Resume ...

EUR˜Clients prefer independent advisors than suitcase bankers - Livemint

EUR˜Clients prefer independent advisors than suitcase bankers
Livemint, India - 1 hour ago
Nayar says a homegrown bank like Kotak needs five to 6 such alliances as investment banking is changing fast. Clients prefer independent advisors than .
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Investment Banking Interviews | WallStreetOasis.com
If you don't get a business card at the end of an interview, because the interviewer says he ran out or forgot them, is this necessarily a indication that the interview went poorly?..

UBS slashes compensation as investment banking losses double
Staff costs at UBS' investment bank plunged 90% in the fourth quarter and more than halved over the entire year on the back of...

Investment trusts give glimmer of hope to savers (The Herald)
Investors scarred by the loss of banking dividends or just worried about their income, and savers prepared to take some moderate risk amid the interest rate gloom, could look to investment trusts for a ray of sunshine...

Culpability Brown to blame for banking crisis (SNP)
SNP Treasury Spokesperson, Stewart Hosie MP said the was "no escape" for Gordon Brown as yet more evidence piled up to suggest he is responsible for the current crisis in the banking sector...



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