Top Investment Banking News for 03/23/2009



Banking Stocks Moving Sharply Higher On Toxic Asset Plan (Nasdaq)
(RTTNews) - After helping to lead the markets lower in the two previous sessions, banking stocks are seeing considerable strength in morning trading on Monday. The strength in the sector is largely due to a positive reaction to the government's latest efforts to help bail out struggling banks...

Highly Respected Strategic M&A Advisors Announce Official Launch . - PR Newswire (press release)

Highly Respected Strategic M&A Advisors Announce Official Launch .
PR Newswire (press release), NY
Mr. Bovin was formerly Vice Chairman of Investment Banking and Chairman of the Global Technology, Media and Telecom Group at Bear Stearns. Mr. Urfirer was also a Vice Chairman of Investment Banking and the Global Head of Strategic Advisory Banking at .
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Vice President, Investment Banking/ M&A - Frankfurt
A well-established private equity firm is seeking an investment banker covering German markets out of Frankfurt. The manger is seeking an exceptional...

White House takes on banking crisis (AP via Yahoo! Finance)
The Obama administration on Monday launched its much-awaited assault on the worst U.S. banking crisis in 70 years, billions of federal dollars to thaw the nation's frozen credit markets and ease the economy out of recession...

No cash bonus for investment banking heads at JP Morgan
Steven Black and Bill Winters, co-chief executives of investment banking at JP Morgan, did not receive a cash bonus or restricted stock last year as the business made a full-year loss but were awarded stock appreciation rights, ...

Barclays appoints new CEO of investment banking in Qatar - Trading Markets (press release)

Barclays appoints new CEO of investment banking in Qatar
Trading Markets (press release), CA
Mar 23, 2009 (Datamonitor via COMTEX) -- BNTMO | Quote | Chart | News | PowerRating -- British financial services firm Barclays has appointed Izzat Nuseibeh as CEO of its investment banking and investment management business in Qatar. .
Barclays announces the appointment of Izzat Nuseibeh as CEO of its . Al-Bawaba
all 8 news articles
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Gold Advances as Falling Dollar Fuels Haven Investment Demand (Bloomberg)
March 23 (Bloomberg) -- Gold gained in Asia as a weaker dollar fueled demand for the precious metal as an alternative investment and store of value. Gold has risen 3.2 percent in the past week as the dollar index , which tracks the greenback against six major trading partners, slumped 4.2 percent...

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 ...

Gulf states to discuss impact of crisis on investment
. the effects of the crisis on the GCC stock markets, opportunities and challenges facing investment banking services in the region, Islamic banking and finance within the crisis, foreign trade and growth rates of Gulf economies, ...

Hellman & Friedman May Bid for Barclays iShares Unit - Bloomberg

Boston Globe

Hellman & Friedman May Bid for Barclays iShares Unit
Bloomberg
The bank faces rising bad debts, as much as 9 billion pounds of structured credit losses and pressure on investment-banking revenue, the analysts led by Michael Helsby wrote in a note to investors. Barclays needs about 8 billion pounds of additional .
Barclays hopes to retain stake Pensions & Investments
Buy-out groups vie for Barclays iShares: sources Reuters
Private equity firms mull iShares mega-deal Financial News (subscription)
all 108 news articles
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Corner Office: Geoffrey M. Connor - NJBIZ

NJBIZ

Corner Office: Geoffrey M. Connor
NJBIZ, NJ
As you may recall, there was a time when antitrust laws kept banks down to a manageable size, and Glass-Steagall forbade a bank from also being in the investment banking or insurance business, and vice versa. Insurance companies have always been well .
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Barclays appoints Izzat Nuseibeh as CEO of investment banking unit in Qatar (AME Info)
Barclays announces the appointment of Izzat Nuseibeh, as Chief Executive Officer of the Investment Banking and Investment Management (IBIM) arm of Barclays PLC in Qatar, based in the Qatar Financial Centre...

Georgias Saakashvili Seeks to Reverse Decline in Investment (Bloomberg)
March 23 (Bloomberg) -- President Mikheil Saakashvili seeks to revive slumping foreign investment in Georgia as economic growth in the former Soviet republic slows because of the global financial crisis and the aftermath of a war with Russia...

bofa looks to hold on to London Merrill bankers-CNBC - Reuters

ABC News

bofa looks to hold on to London Merrill bankers-CNBC
Reuters
N) executive based in New York has made a trip to London to try to persuade former Merrill Lynch & Co top staffers to stay at the recently combined bank, CNBC said on Thursday. Brian Moynihan, head of investment banking at Bank of America, .
Kothari sells 10% stake in DSP Merrill Lynch Times of India
Hemendra Kothari to step down as chairman, DSP Merrill Lynch Livemint
Merrill Lynch veteran to head BofA private equity PrivateEquityRealEstate.com
Telegraph.co.uk - Bloomberg
all 733 news articles
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Perseverance pays off: Campbell pioneered local private equity market - Crain's Detroit Business

Perseverance pays off: Campbell pioneered local private equity market
Crain's Detroit Business, MI
By Tom Henderson It was 1995 and Campbell was selling his Detroit-based investment banking firm, WY Campbell & Co., to Comerica Inc., and simultaneously raising money for Peninsula Capital Partners LLC, a Detroit firm he was co-founding that planned to .
M&A Awards Winner for Best Deal Maker: WY Campbell & Co., Detroit Crain's Detroit Business
all 2 news articles
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Who is luring the cream of global banking? | Stuff.co.nz
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. ...

New Public Investment Corp. to buy 'toxic' bank assets (New Orleans Times-Picayune)
WASHINGTON -- The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on banks' books...

New attempt on banking crisis: Administrations toxic asset plan could cost as much as $1 trillion (The Morning Journal)
WASHINGTON EUR The Obama administrations latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks books...

FACTBOX-Gulf Arab foreign investments - Reuters

Dividend.com

FACTBOX-Gulf Arab foreign investments
Reuters
July 2008 - GFH said it is to build a corporate centre, an investment banking and advisory centre, an insurance centre and a stock exchange north of Tunis at a cost of $3 billion. Aug. 2008 - Dubai World, the sovereign wealth fund of the Dubai .
Daimler Sells Aabar a 9.1% Stake for $2.7 Billion Bloomberg
Aabar-Daimler: Abu Dhabi makes a bid for the auto sector? RGE Monitor
European open: Shares make good start ShareCast
Bloomberg - Bloomberg
all 576 news articles
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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 ...

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

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 ...

Geithner's plan will fail to reignite lending while potentially . - Examiner.com

BBC News

Geithner's plan will fail to reignite lending while potentially .
Examiner.com
Commercial banks have deposited some $1 trillion with the Federal Reserve Bank, so while the investment banking sector is hurting due to the holding of valueless assets, there is loan capital to be found. The reasons for not lending have as much to do .
Video: Obama Defends Geithner CBS
US Treasury EURWhite Paper on Buying EURLegacy Assets (Text) Bloomberg
Obama's $1 Trillion Plan to End Bank Crisis ABC News
HoweStreet.com - Forbes
all 3,198 news articles
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UDM graduate students win investment banking competition - Crain's Detroit Business

UDM graduate students win investment banking competition
Crain's Detroit Business, MI
The students were judged by a panel of three ACG members representing accounting, investment banking and financial management. This year's case study involved a two-year technical college and an online catalog fashion brand. .
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Investment Banking: Free Big Money for Opening a Chase Checking .
I do not have a part time job, however I do get some allowances from my parents for expenses such as food, travel, books and the likes. Lihat profil lengkapku. 2008 Investment Banking Rombak by Sumpit...

Is UBS investment bank becoming an appealing place to be? - eFinancialCareers UK

Is UBS investment bank becoming an appealing place to be?
eFinancialCareers UK, UK
But while Deutsche Bank is going all out to scoop up investment banking talent, UBS appears to be holding firm on its promise to scale down its investment banking aspirations and hasnt publicly hired anyone. Instead, its lost a succession of staff .
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MAYBANK AIMS TO BREAK EVEN BII INVESTMENT (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, March 23 (Bernama) -- Malayan Banking Bhd (Maybank) aims to break even its investment in PT Bank Internasional Indonesia Tbk (BII) in five years, its president and chief executive officer Datuk Seri Abdul Wahid Omar said today...

Strange Culture: Too Big To Fail
City Bank of New Yorks story is not the only example of commercial banking and investment banking being done by the same company. Under the 1999 legislation, this became legal behavior, with the purpose of allowing American companies to ...

Who is luring the cream of global banking? (Stuff)
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...

Rothschild Names Reitz German Investment Banking Head (Update1) (Bloomberg)
March 19 (Bloomberg) -- Rothschild, the largest family- owned investment bank, hired Martin Reitz from UBS AG to become head of investment banking for Germany, Austria and Switzerland...



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