Top Investment Banking News for 03/18/2009



Hong Kong Stocks Advance, Led by HSBC as Banking Concerns Ease (Bloomberg)
March 18 (Bloomberg) -- Hong Kong stocks rose after HSBC Holdings Plc said business was in line with its own forecast last month, stoking speculation the banking crisis is easing...

UniCredit Net Falls; Bank to Seek EU4 Billion in Aid - Bloomberg

Maktoob

UniCredit Net Falls; Bank to Seek EU4 Billion in Aid
Bloomberg
Retail banking pretax profit rose 44 percent to 2.81 billion euros, and pretax profit from corporate banking increased 1.2 percent to 2.99 billion euros. The investment banking unit had a loss of 2.19 billion euros. UniCredit also confirmed that it .
Italy's Unicredit says 4Q profits fell 57 percent International Herald Tribune
UniCredit Q4 net profits fall -57% Financial News (subscription)
UniCredit 4Q Net -57%, Seeks Government Aid, Shares Up EasyBourse.com
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WSJ : Japan's Nomura Holdings appoints Perry Hoffmeister head of . - RTT News

WSJ : Japan's Nomura Holdings appoints Perry Hoffmeister head of .
RTT News, NY
(RTTNews) - Tuesday, according to Wall Street reports, Japan's largest brokerage firm Nomura Holdings, Inc. (NMR: News ) has appointed Perry Hoffmeister as head of investment banking in New York. This is seen as a step by Nomura to boost its business .
WSJ: Nomura Holdings selects Perry Hoffmeister as head of . RTT News
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Bank of America Buys Rest of Merrills India Unit - Bloomberg

Reuters

Bank of America Buys Rest of Merrills India Unit
Bloomberg
Merrill Lynch in December 2005 paid $500 million to more than double its stake in the Indian investment-banking and wealth management joint venture to 90 percent. EURIt has been more than 40 years in the securities business for me and it is time to .
Hemendra Kothari sells 10 pc stake in DSP Merrill Lynch Hindu
DSP Merrill Chairman Sells His Stake to Bank Of America Wall Street Journal
What is the right pay? Ubyssey Online
all 46 news articles
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EconomPic: Investment Banking Bonus Matrix: AIG Edition
Looks like it is AGAIN time to whip out the Investment Banking Bonus Matrix (apologies for those sick of seeing this thing. but apparently I haven't shown it enough to get comments like that). Definitely an argument from the bottom ...

News | The Independent UK - Jeremy Warner: Here's one approach to .
Yet one of the reasons they have got so big is that bog standard utility banks were allowed to expand into more exotic "investment banking" type activities, and in pursuit of the fee thereby ended up massively increasing their leverage. ...

Boutiques, hedge funds lure cream of global banking (Reuters via Yahoo! UK & Ireland News)
Boutique investment firms and top hedge funds are slowly lapping up the cream of global banking talent as the financial crisis forces banks to cut staff and limit the pay of their top risk-takers...

Boutiques, hedge funds lure cream of global banking - Reuters

Boutiques, hedge funds lure cream of global banking
Reuters
Earlier this month, investment banking boutique Moelis & Co said it had hired Chris Ryan, former global head of credit fixed-income at UBS, as a managing director in New York, its second high profile hire in a month. UBS, the world's biggest wealth .
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Investment Banking Wardrobe for Women | Mergers & Inquisitions
Guide to women's attire in investment banking and how to craft an appropriate wardrobe...

Investment Dar Falls as It Considers to Sell EURNon-Core Assets (Bloomberg)
March 17 (Bloomberg) -- Investment Dar Co. declined the most in more than two weeks after saying it may sell EURnon-core assetsEUR as part of a new strategy of focusing on unspecified parts of its banking, real-estate and luxury-goods operations...

Credit Suisse Asia banking head to leave -sources - Reuters

Credit Suisse Asia banking head to leave -sources
Reuters
VX) head of Asia Pacific investment banking is leaving the company, sources said on Tuesday, the second departure of a top executive at a Western bank in Asia within a week. Several other Western banks in Asia have seen movement in their top ranks as .
Credit Suisse Groups Raphael Memo Wall Street Journal Blogs
Credit Suisse's Raphael leaves investment bank post Financial News (subscription)
WSJ UPDATE:Credit Suisse's Raphael Leaves Invest-Bank Post -Memo EasyBourse.com
Bloomberg - FinanceAsia
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Nomura to Move Investment Banking Head to London - DealBook Blog .
The global head of Nomura Holdingss investment banking business will be based outside Japan for the first time in the banks 84-year history, it said on Friday. Hiromi Yamaji is moving to London. The shift EURsignals that Nomura is ...

As Resurgent US Banks Shift Into Profit Mode, Hitch a Ride With . - Money Morning

Reuters

As Resurgent US Banks Shift Into Profit Mode, Hitch a Ride With .
Money Morning
For one thing, Citigroup is involved in all sorts of investment banking, and in a variety of trading businesses, most of which are either down sharply due to the recession or that have disappeared altogether. For another, we still dont know how large .
Wells Fargo Assails TARP, Calls Stress Test EURAsinine Bloomberg
Asia Day Ahead: Depression Fears Subside on Bernanke Bloomberg
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Depression Fears Subside on Bernanke Remarks, Stocks - Bloomberg

TVNZ

Depression Fears Subside on Bernanke Remarks, Stocks
Bloomberg
EURThe financial meltdown and accompanying depression scenario has been taken off the table,EUR said Jack Ablin, chief investment officer at Chicago-based Harris Private Bank, which oversees $60 billion. EURThe heart of the problem is the banking system, .
Video: The Chairman Part 2 CBS
Bernanke Speaks - On Banks and Private Equity Seeking Alpha
Bernanke's Witness Protection Program CounterPunch
Best Syndication - AFP
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UK financial services watchdog unveils proposals to tighten regulation of "shadow banking" (Minneapolis-St. Paul Star Tribune)
LONDON - Britain's financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds...

India Infoline to launch investment banking services in Singapore (Business Standard India)
India Infoline, a domestic brokerage firm, is planning to launch broking and investment banking services in Singapore in the next one year...

New Wall Street Sees Profits From Widening Spreads - Bloomberg

ABC News

New Wall Street Sees Profits From Widening Spreads
Bloomberg
The firms with money to lend are charging more for it, and the banks that can line up investors or execute trades are winning bigger spreads. Traditional investment banking, overshadowed by debt- fueled proprietary trading and structured finance before .
Deutsche, Morgan Stanley need more capital: JPMorgan Reuters UK
Oppenheimer starts Morgan, Goldman at 'Outperform' Forbes
Resurrection on Wall Street Barron's
Wall Street Journal - Marketplace
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KBW enhances investment banking team
Dewey, who takes up his role with immediate effect, brings with him over a decade of experience in investment banking and most recently worked for Credit Suisse Securities, LLC as a managing director. During his time as an MD for Credit ...

Oppenheimer Announces the Addition of Several Recent Senior Hires in Investment Banking (PR Newswire via Yahoo! Finance)
Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings Inc., is pleased to announce the addition of several recent senior hires in the Investment Banking Department...

Investment banking still a gold mine? - FierceFinance
We've been talking lately about the decline of the deal kingpins. But Merck's $41.1 billion purchase of Schering-Plough suggests that the deal advisory business is anything but dead. In fact, it may. Read more...

Investment Banking vs Consulting EUR WUCC
At Penn, two common responses are EURinvestment bankingEUR or EURconsultingEUR EUR but what one is right for you? Join the Wharton Undergraduate Consulting Club (WUCC) and the Wharton Finance Club (WUFC) as we chat with a panel of bankers and ...

Oppenheimer announces appointments in Investment Banking . - RTT News

Oppenheimer announces appointments in Investment Banking .
RTT News, NY
(RTTNews) - Tuesday, Oppenheimer & Co., Inc., a unit of Oppenheimer Holdings, Inc., (OPY: News ) announced several appointments to its investment banking department. Brian McCarthy has been appointed as the head of its healthcare investment banking .
Oppenheimer hiring spree includes three for healthcare Financial News (subscription)
Oppenheimer Announces the Addition of Several Recent Senior Hires . PR Newswire (press release)
Oppenheimer reveals addition of several recent senior hires in . RTT News
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Hong Kong Stocks Advance, Led by HSBC as Banking Concerns Ease (Bloomberg)
March 18 (Bloomberg) -- Hong Kong stocks rose, led by financial shares, after HSBC Holdings Plc said business was in line with its own forecast last month, stoking speculation the banking crisis is easing...

Deutsche Bank Names Jain, Cohrs to Management Board - Bloomberg

Deutsche Bank Names Jain, Cohrs to Management Board
Bloomberg
By Jann Bettinga and Aaron Kirchfeld March 17 (Bloomberg) -- Deutsche Bank AG appointed four executives to its management board, including investment banking co-heads Anshu Jain and Michael Cohrs, broadening the field of potential successors to Chief .
Deutsche Bank Moves To Strengthen Top Executive Ranks EasyBourse.com
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peHUB Credit Suisse Loses Asia I-Banking Head
VX) head of Asia Pacific investment banking is leaving the bank, sources said on Tuesday, the second major departure in a week of a top banker at a large Western financial institution in Asia. Paul Raphael will leave Credit Suisse but ...

'We've got to get more investment from India' (rediff.com)
Last month, Industry Minister Tony Clement became the fourth Canadian federal minister to visit India this year. His main mission was, he told Rediff India Abroad's Ajit Jain in an exclusive interview, to "encourage foreign direct investment by Indian entrepreneurs and companies into Canada" and also to woo Indian tourists to Canada...

Chris For Liberty: An Analysis of Investment Banking
Investment banking firms and investment banking in general have been in the news quite a bit over the past six months or so. How did these investment banks wind up in so much trouble? Home prices increased because the securitization ...

Nigel Lawson:Defending capitalism Some Thoughts - Peter Salmons .
In the remainder of the article he argues that this crisis has been exacerbated by the failure to maintain the separation between commercial and investment banking that largely prevailed until the late 1980s. He calls for countries to ...

Peoples Bank to consolidate banking offices in Ohio (Banking Business Review)
Peoples Bank National Association, a subsidiary of Peoples Bancorp, plans to consolidate two banking offices into its existing locations. According to the new initiative, Peoples Bank will close its banking offices in Rutland, Ohio and Lower Salem, Ohio, effective June 30, 2009...

The FSA publishes "The Turner Review": a wide-ranging review of global banking regulation (UK Financial Services Authority)
The Financial Services Authority (FSA) has today published the Turner Review of global banking regulation. Lord Turner, chairman of the FSA, was asked by the Chancellor of the Exchequer to review the events that led to the financial crisis and to recommend reforms...



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