Top Investment Banking News for 02/23/2009

Citigroup Appoints Renton to Tap Government Clients - Bloomberg

Citigroup Appoints Renton to Tap Government Clients
Bloomberg
23 (Bloomberg) -- Citigroup Inc. appointed Mark Renton, former Asia-Pacific head of investment banking, to be global co- head of the public sector group as it seeks to win more business from governments and sovereign wealth funds. .
Video: Report: Gov't Could Take a Bigger Chunk of Citi AssociatedPress

Citigroup Names Faruqui Head Of Asia-Pacific Banking CNNMoney.com
Sovereign Funds Scramble to Assess Impact of US-Citi Talks Wall Street Journal
Reuters - FOXBusiness
all 1,262 news articles

Banking on the Brink - DealBook Blog - NYTimes.com
Investment Banking. Industries. Financial Services. Should we go ahead and nationalize some ailing banks? The New York Timess Paul Krugman thinks so. The case for nationalization, he says, rests on three observations. ...

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. ...

Nomura gets licence to provide financial services from DIFC
Asia-based investment bank Nomura International yesterday said it has received a banking licence from the Dubai Financial Services Authority to provide investment banking and capital markets services from the Dubai International ...

Broker snap: Dilution fears at Lloyds Banking (ShareCast via Yahoo! UK & Ireland Finance)
Banking shares drove Footsie higher in early trading on Monday morning, with Lloyds Banking Group participating in the advance despite downbeat comment from investment analysts...

Stanford Financial faces fraud charges - Bizjournals.com

Telegraph.co.uk

Stanford Financial faces fraud charges
Bizjournals.com, NC
Stanford Groups San Francisco investment banking office at 580 California St. referred a San Francisco Business Times reporter to the SECs Fort Worth, Texas, office. A call to that office for comment was not immediately returned. .
Video: Alleged Caribbean Bank Fraud Scheme Wreaks Havoc AssociatedPress

SEC accuses Stanford Group owner of massive ongoing fraud MiamiHerald.com
Last year he promised cricket a stack of cash. Last night he was . guardian.co.uk
ABC Online - Los Angeles Times
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Markaz Launches Opportunistic Protected Investment Program (Zawya)
Kuwait City, Kuwait Financial Centre Kuwait Financial Centre " Markaz Markaz ", one of the Middle East's leading investment banking and asset management companies, announced the launch of "Markaz Opportunistic Protected Investment Program," a vulture program which seeks to capitalize on the current state of distorted valuations...

BNP Paribas Corporate and Investment Banking Restructures Management of Global Equities and Commodity Derivatives for . (Marketwire via Yahoo! Finance)
BNP Paribas Corporate and Investment Banking has named Lionel Crassier Head of Global Equities and Commodity Derivatives (GECD) for the Americas, based out of New York...

MOVES-WR Berkley, MetLife, Nasdaq OMX, others - Reuters

MOVES-WR Berkley, MetLife, Nasdaq OMX, others
Reuters
CITIGROUP INC (CN) The bank appointed Mark Renton as global co-head of public sector group and Farhan Faruqui as head of global banking, Asia Pacific, effective immediately. Renton was formerly head of investment banking in Asia Pacific and Faruqui was .

Nomura receives licence to provide banking and capital markets services from DIFC; Outlines capability and strategy . (Zawya)
23 February 2009 Nomura International plc ('Nomura'), the pre-eminent Asia-based investment bank, today announced that it has been granted a banking licence by the Dubai Financial Services Authority to provide investment banking and capital markets services from the Dubai International Financial Centre (DIFC)...

Vodafone, RBS, Bunzl, Fresnillo: UK, Irish Equity Preview - Bloomberg

Vodafone, RBS, Bunzl, Fresnillo: UK, Irish Equity Preview
Bloomberg
Royal Bank of Scotland Group Plc (RBS LN): The biggest government-controlled UK bank plans to cut costs by more than 1 billion pounds ($1.44 billion), partly by scaling back investment banking, as Chief Executive Officer Stephen Hester tries to rescue .
UK Stocks are Little Changed; Banks Jump as 3i Group Declines Bloomberg
UK Stocks Drop, Led by 3i Group, Defense Companies; RBS Gains Bloomberg
UK Stocks Rebound From Three-Month Low; Royal Bank Rallies Bloomberg
all 7 news articles

S&P 500 is at risk of hitting a new low as angst persists - USA Today

The Associated Press

S&P 500 is at risk of hitting a new low as angst persists
USA Today
"There was a belief that the stimulus would be enough to get things back on track, but now there are growing doubts that is the case," says Jack Ablin, chief investment officer at Harris Private Bank. Heading into the year, investors were optimistic .
Positive Sentiment on Financial Stocks May Help Broader Market . Trading Markets (press release)
US STOCKS-Bank doubts, tech sell-off drag Wall St down Reuters UK
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Dubai's $10 billion bailout - CNNMoney.com

BBC News

Dubai's $10 billion bailout
CNNMoney.com
"This is a clear step from the central government to back up Dubai," said Khald Masri, a partner in Rasmala Investment, a very active investment bank in the region. "The central government's step will help ease the tense situation in the local economy .
UAE Central Bank Steps In to Support Dubai Debt Bloomberg
How Worried Should We Be About Dubai? Update: Is the Bailout Underway? RGE Monitor
One emirate for all, none for one FT Alphaville
The National - Emirates Business 24/7
all 310 news articles

Investment Banking Resumes: Who's afraid of turmoil? Not Barclays
For those who wants to start an investment banking career, you can still check out what kind of quality do banking bosses look for. 12 February 2009 - Straits Times UK bank presses on with plan to hire up to 1500 skilled staff here ...

(AFX UK Focus) 2009-02-23 02:42 UPDATE 1-Citi names new head of Asia Pacific banking (Interactive Investor)
HONG KONG, Feb 23 (Reuters) - Citigroup on Monday named Farhan Faruqui as head of Asia Pacific Global Banking, as part of its move to merge the corporate and investment banking groups across the region, including Japan. Mark Renton, Citi's former head of Asia Pacific Investment Banking, will co-head Citi's public sector group. Asia-based investment bankers both inside and outside Citi had been ...

Nomura wins licence to set up in Dubai finance centre - Banking .
Japanese investment bank Nomura International plc has been awarded a licence to provide investment banking and capital market services in the Dubai International Financial Centre (DIFC). The licence was issued by Dubai Financial ...

Citi names new head of Asia Pacific banking | Financial 24
updated 05:11:54 Citigroup on Monday named Farhan Faruqui as head of Asia Pacific Global Banking, as part of its move to merge the corporate and investment banking groups across the region, including ...

BofA's investment bank "fun" may be done for good - Reuters

Reuters

BofA's investment bank "fun" may be done for good
Reuters
By Elinor Comlay - Analysis NEW YORK (Reuters) - Bank of America Corp (BAC.N) Chief Executive Kenneth Lewis told investors in September he was pleased to acquire Merrill Lynch & Co's "world-class" investment bank -- but as losses there mount, .
BofA: A New Era in Investment Banking? Wall Street Journal Blogs
Bonuses for failing bankers only feed taxpayer anger The Australian
Bank of Americas Lewis Says He Can Go It Alone as Stock Slides Bloomberg
Huffington Post - The Associated Press
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BofAs investment banking days may be numbered | News
Bank of America Corp Chief Executive Kenneth Lewis told investors in September he was pleased to acquire Merrill Lynch & Co's investment bank, but as losses there mount, he may just let that part of the business wither...

RBS Shares Gain After Asset-Disposal Reports - CNNMoney.com

Telegraph.co.uk

RBS Shares Gain After Asset-Disposal Reports
CNNMoney.com
A person familiar said that assets likely to end up in the non-core unit include the Asian retail and commercial operations, Australian operations as well as distressed investment banking operations. The plan would be for these to be sold off in the .
RBS To Split For Survival Forbes
RBS to be split in two under five-year reconstruction plan Independent
RBS to cut balance sheet by 25% Financial Times
Bloomberg - TheStreet.com
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BofA's investment banking days may be numbered (The Economic Times)
Bank of America Corp Chief Executive Kenneth Lewis told investors in September he was pleased to acquire Merrill Lynch & Co's investment bank, but as losses there mount, he may just let that part of the business wither...

Financial institutions urged to continue technology investment
Related stories to: Financial institutions urged to continue technology investment. Blackstone appoints Brockman as senior MD . Cowen Group hire technology MD . Jefferies appoints two investment banking chiefs . ...

US May Draw Citi Into Tighter Embrace - Forbes

Sky News

US May Draw Citi Into Tighter Embrace
Forbes, NY
The remaining businesses will include corporate and retail banking, private banking and wholesale services around the world. Announcing the plan in January, CEO Vikram Pandit explained, "This new structure will provide a wide range of options going .
Obama Bank Nationalization Is Focus of Speculation Bloomberg
The real fear about bank nationalization: It's not socialism! BloggingStocks

Comment by Adam S. Posen Dep. Dir., Peterson Institute for Int'l Economics
Washington Post
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Nomura receives licence to provide banking and capital markets services from DIFC (Mena Report)
Nomura International plc (EUR˜Nomura), the pre-eminent Asia-based investment bank, today announced that it has been granted a banking licence by the Dubai Financial Services Authority to provide investment banking and capital markets services from the Dubai International Financial Centre (DIFC)...

Wall Streets Brain Drain Defense - New York Times

New York Times

Wall Streets Brain Drain Defense
New York Times, United States
EURœYou might get down to the core group that actually likes finance, and lose people who are coming just for the money,EUR says David S. Resnick, co-head of investment banking at Rothschild in the United States. If hes right, thats sounds like the kind .
After Reversal of Fortunes, City Takes a New Look at Wall Street New York Times
all 8 news articles

George Osborne hints at formal separation of retail and investment banking (Money Marketing Online)
Prime Minister Gordon Brown and FSA chairman Lord Adair Turner have explicitly ruled this out, with Brown stating last week: "We do not envisage, as some have advocated, a rigid divide in future between narrow banking - retail and corporate deposit taking - and investment banking and trading conducted at an international level."..

Nomura receives licence to provide banking and capital markets services from DIFC (AME Info)
Nomura International plc, the pre-eminent Asia-based investment bank, announced that it has been granted a banking licence by the Dubai Financial Services Authority to provide investment banking and capital markets services from the Dubai International Financial Centre (DIFC)...

BofA: A New Era in Investment Banking? | E-Business Practices Blog
The jitteriest employees at Bank of America these days may be the investment bankers...

ItaÃ Unibanco to cut 100 jobs in investment banking - Brazil (Business News Americas)
Merging Brazilian banks ItaÃ (NYSE: ITU) and Unibanco (NYSE: UBB) plan 100 lay-offs in their investment banking and brokerage operations, they said in a statement...

Half Sigma: Response to comments on nationalized banking
Investment banking can be fixed. The SEC should set up a clearinghouse and quotation/bidding system for all primary offerings, thus bypassing the investment banking system. Companies save money by not having to pay outrageous fees to ...

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