Top Investment Banking News for 03/12/2009



Bank of America May Appoint Remont French Investment Bank Chief (Bloomberg)
March 11 (Bloomberg) -- Bank of America Corp. , which acquired Merrill Lynch & Co. last year, is close to naming Luc Remont head of its French corporate and investment banking unit after Marc Pandraud quit to join Deutsche Bank AG, two people familiar with the situation said...

Letter V: Investment banking is out, so.
Investment banking is out, so. College music programs are experiencing a boom. Applications for admission are have risen by double-digit percentages in recent years, Howard Reich reports the Chicago Tribune: ...

UBS slashes compensation as investment banking losses double (eFinancial News)
The head of UBS investment bank was one of two members of the Swiss groups executive board who between them received compensation comprising cash and shares worth Sfr11m (7.5m) upon joining from rival firms last year, as well as more than 700,000 share options...

Banking grumbles break record (The New Zealand Herald)
High mortgage break fees, two frozen investment funds and the general economic downturn have led to a large increase in complaints to the Office of the Banking Ombudsman...

Citibank bullish on local consumer, investment banking businesses .
us based financial giant citibank said it is bullish in its operations in the philippines particularly in consumer and investment banking businesses despite the challenging business environment.EURin 2009 it started well and pretty ...

Investment Banking Wardrobe for Women | Mergers & Inquisitions
Guide to women's attire in investment banking and how to craft an appropriate wardrobe...

PM calls for Kuwaiti investment in Vietnam (Vietnam Net)
VietNamNet Bridge EUR Prime Minister Nguyen Tan Dung has called upon Kuwaiti businesses to increase their investment in fields that possess potential for further development, including real estate, infrastructure construction, oil and gas, fertilisers, chemicals, tourism, agriculture, finance and banking, and labour...

Making $34 Million at Merrill Means No Bonus Escapes Subpoenas - Bloomberg

ABC News

Making $34 Million at Merrill Means No Bonus Escapes Subpoenas
Bloomberg
Orcels compensation at Bank of America, where he now heads international corporate and investment banking, probably will be capped as a result of new legislation. And its unlikely a rival firm would match his pay. EURNobody can get paid $34 million in .
BofA Merrill fights to keep mining head as senior appointments loom Financial News (subscription)
Merrill Lynch sees peso at P48.50:$1 in EUR09 Inquirer.net
City trader in 85 million 'loss' inquiry pledges to stay in Britain Telegraph.co.uk
Advanced Trading - Here Is The City
all 239 news articles
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Ronn Motor Company Engages Investment Banking Firm Pepperwood .
The Company has entered into an Investment Banking Advisory Agreement with Pepperwood Partners of Dallas, Texas...

Company & Finance News from Hong Kong & China | Hong Kong Business .
Mr Rankin moved to Hong Kong in 2000 as head of the tech, media and telecom banking team, and became co-head of Asia investment banking with Peter Burnett in 2003. Mr Rankin became sole head of the group the following year. ...

STEC Appoints Technology Investment Banking Veteran Chris Colpitts .
STEC, Inc. (Nasdaq:STEC) announced today that Chris Colpitts, Managing Director and Global Head of Technology Investment Banking at Deutsche Bank, has been appointed as an independent director to the STEC Board, effective March 5, 2009...

Investment banking still a gold mine? - FierceFinance

Reuters

Investment banking still a gold mine?
FierceFinance, DC
Bloomberg reports that the three banks may share as much as $146 million for their work on the deal. True, the pace of deals is slow. But it's also true that a lot of companies are pondering their options in a punishing environment, and we may see an .
Investment banking revenues to fall 24% Financial News (subscription)
THE RATINGS GAME: Goldman Says Short AmEx, Buy Morgan Stanley CNNMoney.com
Barclays cuts price targets on Goldman, Morgan Stanley Reuters
Express Buzz - Breakingviews
all 35 news articles
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$40bn of IT spending will disappear from banking sector (vnunet.com)
Angelica Mari, Computing , Thursday 12 March 2009 at 05:30:00 Stagnant growth will see sharp falls in IT investment, but some spending priorities remain, says Datamonitor Growth in the retail banking technology market will stagnate until 2012, when the sector will have spent $40bn (29bn) less than expected before the downturn, according to research....

Official says gov't shouldn't micromanage banks - The Associated Press

Boston Globe

Official says gov't shouldn't micromanage banks
The Associated Press
Within weeks, Treasury Secretary Timothy Geithner plans to unveil a new public-private investment fund that will be used to purchase illiquid assets, such as toxic mortgage related securities at the heart of the financial crisis. .
US Kashkari Warns Against Government Micromanaging Bks CNNMoney.com
Banking Protectionism Roars On Capitol Hill The Business Insider
No TARP Oversight? Tell It to the Senate The Washington Independent
The Associated Press
all 340 news articles
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UBS to Name Joint Head of Media Investment Banking - DealBook Blog .
The Swiss bank UBS will name Aryeh Bourkoff to be joint global head of media and communications investment banking on Thursday, taking over for Jeff Sine, a vice chairman who is resigning, according to people familiar with the matter. ...

MOVES-Deutsche Bank, UBS, Citibank and others - Reuters

MOVES-Deutsche Bank, UBS, Citibank and others
Reuters
VX) The financial services company on Tuesday said its Asia Pacific investment banking head, Rob Rankin, has resigned after leading the franchise across the region since 2003. Two Hong Kong-based mergers and acquisitions bankers, David Chin and Matthew .
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UBS Reshuffles Asia Investment Bank as Rankin Exits - Bloomberg

Boston Globe

UBS Reshuffles Asia Investment Bank as Rankin Exits
Bloomberg
By Cathy Chan March 10 (Bloomberg) -- UBS AG, Switzerlands second- largest bank by market value, appointed David Chin and Matthew Hanning as joint heads of investment banking in Asia, according to an e-mailed memo from the company. .
Video: Dark Clouds Over HSBC - Bloomberg Bloomberg
UBS Internal Asian Memo: Management Appointments Wall Street Journal Blogs
UBS Names Henry Cai As Asia Invest Banking Chairman -Memo EasyBourse.com
Wall Street Journal - Reuters
all 1,351 news articles
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Management Consulting vs Investment Banking: 5 Differences Part 2 .
2) Microsoft Excel - less exposure than investment banking. Still, EURmodelingEUR is a meaningful component of a consultants work, and something every consultant is expected to have significant exposure to. Note -firmsodelingEUR done in case ...

Investment Banking Explained - Vox
Now, I finally understand Wall Street. 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,...

Management Consulting Versus Investment Banking: Who Wins? Part 2 .
Management Consulting Versus Investment Banking: Who Wins? Part 2. Published on March 10, 2009 by Management Consulted. by Management Consulted. #3 SKILLSETS. Im biased here, but I received a thorough and intense business training in ...

Barclays Capital appoints new managing director for investment banking in China (Banking Business Review)
Barclays Capital, the investment banking division of Barclays Bank, has appointed David Lau, as managing director of investment banking China...

Asia Day Ahead: Global Stocks Post Best Rally of 2009 - Bloomberg

Boston Globe

Asia Day Ahead: Global Stocks Post Best Rally of 2009
Bloomberg
Macquarie Group Ltd.s 14 publicly traded funds have lost a combined A$4.3 billion ($2.7 billion) of market value this year, fueling speculation Australias largest investment bank will write down assets and raise money. Citigroup Inc. Chief Executive .
Wall Street clings to gains as bank shares continue to rally National Business Review
US bank stocks continue to rally Wednesday The Canadian Press
US stocks rally on optimistic outlook Hürriyet
Bloomberg - Bloomberg
all 331 news articles
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The resignation of Robert Rankin, head of investment banking Asia from UBS, has resulted in the elevation of three top . (eFinancial News)
The resignation of Robert Rankin, head of investment banking Asia from UBS, has resulted in the elevation of three top UBS bankers in the region. Attached is the memo, courtesy of DealJournal...

The Eastern Company Announces Engagement of Investment Bank Morgan . - Earthtimes (press release)

The Eastern Company Announces Engagement of Investment Bank Morgan .
Earthtimes (press release), UK
Inc., a leading Global Investment Bank, as its financial advisor to assist the company in identifying and negotiating potential acquisition targets and to provide general financial advisory services as the company executes its current business plans. .
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UBS to Name Joint Head of Media Investment Banking - New York Times Blogs

UBS to Name Joint Head of Media Investment Banking
New York Times Blogs, NY
The Swiss bank UBS will name Aryeh Bourkoff to be joint global head of media and communications investment banking on Thursday, taking over for Jeff Sine, a vice chairman who is resigning, according to people familiar with the matter. .
paidContent.org - Industry Moves: Bourkoff, Lewisohn Reported To . Washington Post
all 3 news articles
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Icelandic bank Straumur-Burdaras slides into state ownership - guardian.co.uk

Maktoob

Icelandic bank Straumur-Burdaras slides into state ownership
guardian.co.uk, UK
Reykjavík-based Straumur specialises in investment banking services to small and medium-sized companies, expanding into riskier areas such as leveraged lending or proprietary trading. Like its Icelandic rivals, Straumur opened offices in some of the .
Icelandic government takes control of Straumur The Associated Press
Icelandic FSA seizes control of Straumur Financial News (subscription)
Financial Crisis Claims Yet Another Icelandic Bank RTT News
Telegraph.co.uk - France24
all 138 news articles
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Merrill's Loss is Credit Suisse's Gain - Markets Media News

Merrill's Loss is Credit Suisse's Gain
Markets Media News, NY
The memo was signed by Joe Reece, global head of basic materials and infrastructure, based in New York; Eric Varvel, CEO of Credit Suisse in EMEA; and Jim Amine and Marc Granetz, global co-heads of the Investment Banking Department. At his new role, .
Will The Last Person At Merrill Please Turn Out The Lights? The Business Insider
Deal resume of Credit Suisse's new hire The Daily Deal (subscription)
BofA Loses Another Merrill Exec: Report TheStreet.com
The Daily Deal (subscription)
all 9 news articles
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Banking grumbles break record (The New Zealand Herald)
High mortgage break fees, two frozen investment funds and the general economic downturn have led to a large increase in complaints to the Office of the Banking Ombudsman. Ombudsman Liz Brown said there was a dramatic rise in...

$40bn of IT spending will disappear from banking sector (Computing.co.uk)
Angelica Mari, Computing , Thursday 12 March 2009 at 05:30:00 Stagnant growth will see sharp falls in IT investment, but some spending priorities remain, says Datamonitor Growth in the retail banking technology market will stagnate until 2012, when the sector will have spent $40bn (29bn) less than expected before the downturn, according to research. Analyst Datamonitor's ...

Maybank to hold investment fair (Business Times (Malaysia))
MALAYAN Banking Bhd will hold an Investment Fair in Kuala Terengganu on March 12 to provide up dates on the economic slowdown and market its products and services...



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