Top Investment Banking News for 02/24/2009

Northern Trust names first investment strategist (Crain's Chicago Business)
(Reuters) - Northern Trust Corp., which offers private banking, investment management and custody services, appointed its first-ever investment strategist at a time when investors are flummoxed about where to put their money. The Chicago-based company said on Tuesday that James McDonald, who ...

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...

» Figures From a Bygone Era: Our Comp Report | BankersBall. Where .
Though we collect investment banking, private equity, hedge fund, venture capital - even consulting - data, we didnt feel comfortable with the number of data points to present this all. So: we focused on investment banking and private ...

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 ...

The Meridian: Humor Break: Investment Banking Explained
Humor Break: Investment Banking Explained. Young Chuck moved to Texas and bought a donkey from a farmer for $100. The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said, "Sorry Chuck, ...

Dubai's $10 billion bailout - CNNMoney.com

Reuters

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 .
Video: Riz Khan - Dubai: Is the party over? - Feb 23 2009 - Part 1 AlJazeeraEnglish

Investors reassured by Dubai bond sale to UAE International Herald Tribune
UAE Central Bank Steps In to Support Dubai Debt Bloomberg
RGE Monitor - FT Alphaville
all 383 news articles

Gross Says Banks Need Credit, Not Nationalization - Bloomberg

Gross Says Banks Need Credit, Not Nationalization
Bloomberg
24 (Bloomberg) -- US policy makers should focus on stimulating lending and preventing foreclosures rather than nationalizing banks, according to Bill Gross, co-chief investment officer of Pacific Investment Management Co., the operator of the worlds .
PIMCO's Gross does not favour nationalising banks Reuters
all 14 news articles

Banking and capital markets licence for Nomura in Dubai .
Nomura International 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...

St James's Place profits decline as investment returns fall (Daily Telegraph)
St James's Place the wealth manager controlled by Lloyds Banking said profits declined 16pc last year as investment returns fell...

Governor Appoints Banking Commissioner to Pooled Money Investment Board (WIBW Topeka)
Thomas Thull, Topeka, has served as State Bank Commissioner since 2007. He's Governor Kathleen Sebelius' choice for a seat on the Pooled Money Investment Board...

Despite US assurances, nationalization fears loom - Boston Globe

Xinhua

Despite US assurances, nationalization fears loom
Boston Globe, United States
"You're dealing with politics instead of financials, and there's inherent uncertainty in that," says Fred Cannon, chief equity strategist at KBW Inc., an investment banking firm in New York. But banks with weak stocks are in trouble for a reason. .
Feds wading in to banks Chicago Sun-Times
Treasury battles financial crisis short-handed Reuters
Whatevers happened to global banking? Hindu Business Line
Seeking Alpha - Bloomberg
all 2,237 news articles

Why Bernie Madoff Is No Marcel Ospel as Man Swiss Love to Hate - Bloomberg

Straits Times

Why Bernie Madoff Is No Marcel Ospel as Man Swiss Love to Hate
Bloomberg
After creating the worlds biggest wealth manager with the $19.7 billion merger of Swiss Bank Corp. and Union Bank of Switzerland in 1998, he vowed to turn it into the largest global investment bank. That required a larger presence in the US Ospel, .
Another Firm Cuts Bonuses By 70% Here Is The City
Disclosure calls threaten Swiss banking sector Telegraph.co.uk
Swiss try to block US moves to end banking secrecy guardian.co.uk
Reuters - InvestmentNews
all 2,964 news articles

Pump Priming Stimulus To Create Opportunities For Investment Banks - Bernama

Pump Priming Stimulus To Create Opportunities For Investment Banks
Bernama, Malaysia
KUALA LUMPUR, Feb 24 (Bernama) -- The pump priming stimulus package will create more opportunities for the investment banking business, despite global capital markets and financial institutions going through a turbulent period, according to Kenanga .

ItaÃ Unibanco to cut 100 jobs in investment banking, Brazil .
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. The two received approval last week from the central bank BCB to form ...

BNP Paribas Corporate and Investment Banking Restructures . - MSNBC

BNP Paribas Corporate and Investment Banking Restructures .
MSNBC
NEW YORK, NY - 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. Lionel has been with BNP Paribas for over 15 years and has held .
BNP Paribas Names New GECD Americas Head Markets Media News
BNP Paribas fills key role for the Americas Financial News (subscription)
BNP Paribas appoints new head of GECD for Americas Trading Markets (press release)
all 10 news articles

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...

Dubai City Guide: News - Nomura Receives Licence To Provide .
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 ...

JP Morgan cuts dividend by 87 per cent | Investment Banking | CPI .
To reduce quarterly dividend to $0.05 per share. Retaining $5 billion in additional capital per year. Says dividend action is being taken as a precautionary step to maximise capital and operational flexibility and to protect fortress ...

FBR Capital Markets Names Steven Goldberg Group Head of Real Estate Investment Banking (PR Newswire via Yahoo! Finance)
FBR Capital Markets Corporation , a leading investment bank serving the middle market, announced today that Steven Goldberg, Senior Managing Director, has been named Group Head of Real Estate Investment Banking...

PUMP PRIMING STIMULUS TO CREATE OPPORTUNITIES FOR INVESTMENT BANKS (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Feb 24 (Bernama) -- The pump priming stimulus package will create more opportunities for the investment banking business, despite global capital markets and financial institutions going through a turbulent period, according to Kenanga Research...

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

Telegraph.co.uk

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
Bank of Americas Lewis Says He Can Go It Alone as Stock Slides Bloomberg
Merrill Execs Heading UMA Platform at B of A Financial-Planning.com
CharlotteObserver.com - NH Broadcaster
all 602 news articles

Citigroup Names Faruqui Head Of Asia-Pacific Banking - CNNMoney.com

Xinhua

Citigroup Names Faruqui Head Of Asia-Pacific Banking
CNNMoney.com
HONG KONG -(Dow Jones)- Citigroup Inc. (C) said Monday it appointed Farhan Faruqui its head of global banking, Asia Pacific , the bank's most senior Asian appointment since it merged corporate and investment banking operations in the region. .
Video: Asian Markets Tumble on Wall Street Woes AssociatedPress

Citigroup Appoints Renton to Tap Government Clients Bloomberg
Citigroup names new head of Asia Pacific banking Reuters
FinanceAsia - Forbes
all 812 news articles

St Jamess Profit Falls on Lower Investment Returns (Update3) (Bloomberg)
Feb. 24 (Bloomberg) -- St Jamess Place Plc , the wealth manager majority-owned by Lloyds Banking Group Plc , said 2008 profit declined 14 percent as investment returns fell...

* Equity fees of $568 million less than half last year - guardian.co.uk

* Equity fees of $568 million less than half last year
guardian.co.uk, UK
"Some people have written off investment banking way too early and they've underestimated the ability of banks to adapt to the new reality," said Ivor Dunbar, co-head of global capital markets at Deutsche Bank. "The mood in capital markets is a lot .

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...

JPMorgan slashes dividend - Reuters

Straits Times

JPMorgan slashes dividend
Reuters
JPMorgan expects in the first quarter to record about $2 billion of credit costs and writedowns at its investment bank, to boost reserves for credit cards and home lending, and to write down about $400 million in its private equity business. .
Analysts expect JP Morgan to flourish amid crisis Financial News (subscription)
JPMorgan Chase slashes dividend by 87 percent The Associated Press
News > Unternehmensnachrichten > JPMorgan Chase to Reduce . Ad-Hoc-News (Pressemitteilung)
all 283 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."..

FBR Capital Markets names new group head of real estate investment banking (Banking Business Review)
FBR Capital Markets, a US-based investment bank, has appointed Steven Goldberg, senior managing director, as the new group head of real estate investment banking...

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. ...

Archives Main Index