Top Investment Banking News for 03/25/2009



Banking Plan Propels Wall St. to Best Day in Months - New York Times

ABC News
Banking Plan Propels Wall St. to Best Day in Months
New York Times, United States
The Federal Deposit Insurance Corporation EUR which guarantees the bank accounts of individuals EUR would provide most of the financing. EURThis is the free-money rally,EUR said Barry Ritholtz, chief executive of Fusion IQ, an investment and research firm. .
Video: No Blue Monday on Wall Street The Associated Press
Obama Rally Reaches 22% in Recovery From Bear Market Bloomberg
google news commentComment by Mike Larson Real Estate Analyst with Weiss Research
RTT News
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Phoenix Capital Resources Energizes Business with New Hire - FOXBusiness

Phoenix Capital Resources Energizes Business with New Hire
FOXBusiness
Glenn Bernabeo brings significant transactional experience to our investment banking platform including M&A advisory experience (both in and outside of Chapter 11), Complex Restructurings, Note Sales, Debt-to-Equity conversions, UCC Article 9 .
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Wells taps more ex-Wachovia execs - CharlotteObserver.com

News14.com
Wells taps more ex-Wachovia execs
CharlotteObserver.com, NC
By Rick Rothacker Wells Fargo & Co. has appointed another round of leaders in its investment banking and capital markets group, and former Wachovia executives have landed a majority of the posts. The San Francisco-based bank, which bought a stumbling .
Wells Fargo Poised to Rebound After Writedowns TheStreet.com
Kathryn Dinkin holding the reigns locally as Wachovia merges with . Miami Today
all 99 news articles
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Legalese: Investment Banking Explained | Solicitr
Complimenting yesterday's crystal clear explanation of the credit crisis , here is a story that will open your eyes to investment banking. You might not think...

Banking and Financial (Mondaq)
The Treasury announced further details on its Public-Private Investment Program ("PPIP"), which is a component of the Financial Stability Plan. The PPIP directly targets "legacy assets" - loans and mortgage-backed securities originated prior to 2009 which have fallen into distress following the collapse of real estate prices...

Fabrice Grinda: Musings of an Entrepreneur Wall Street .
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, EURSorry Chuck, ...

China's iron curtain: corruption, global financial crisis, banking, jobs, politics (cmi valparaíso)
How is global financial crisis aiding China Is corruption to bankrupt China soon? What is really inside Chinese business, government, banking, and finance world? Is global financial crisis accelerating the ongoing corruption and labor cisis? Get lastest analysis and knowledge by leading experts...

HSBC adds mobile banking to outsourced payments platform (Finextra)
HSBC is to use technology from Petra Financial to add mobile banking capability to its white-labelled payments platform for third party banks and ...

Wells names more investment bank leaders (The Charlotte Observer)
Wells Fargo & Co. has appointed another round of leaders in its investment banking and capital markets group, and former Wachovia executives have landed a majority of the posts...

Big banks "drain" fuels Aladdin growth - Reuters

Big banks "drain" fuels Aladdin growth
Reuters
Aladdin is expanding its capital markets business, focused on trading debt and building out its investment banking and advisory business. The firm recently hired a team of media and telecom investment bankers -- Laura Fazio, Nan Logan and Jim Irwin .
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Wells names more investment bank leaders | CharlotteObserver.com
Wells Fargo & Co. has appointed another round of leaders in its investment banking and capital markets group, and former Wachovia executives have landed a majority of the posts...

Bank of Americas Italian Investment Banking Head Said to Quit (Bloomberg)
March 25 (Bloomberg) -- Bank of America Corp.s head of investment banking in Italy, Andrea Pellegrini, has resigned, two people familiar with the decision said. Pellegrini wasnt immediately available to comment...

Barclays to Double Japan Investment Banking Staff (Update1) (Bloomberg)
March 24 (Bloomberg) -- Barclays Plc , the U.K. bank that bought Lehman Brothers Holdings Inc.s U.S. business, said it plans to double investment banking staff in Japan as rivals including Credit Suisse Group AG cut back...

Transforming your Resume - Transforming Resume, Private Equity .
Obtaining a highly lucrative and rewarding career in private equity and investment banking is still possible in this competitive marketplace. However, if your employment history doesn't point directly to a bulge bracket internship or ...

New US bank plan welcomed by funds and debt markets - Reuters

guardian.co.uk
New US bank plan welcomed by funds and debt markets
Reuters
In addition, the Treasury will approve up to five investment managers and match their money one-for-one. It will then offer debt financing for 50 percent of the combined capital pool to buy securities banks want to unload. Two major US money managers, .
Video: Geithner Wants Broader Powers to Take Over Co's. The Associated Press
Bailout looks more like feeding trough Moneyweb
Wall St. celebrates, others wary as US pushes to buy toxic assets Boston Globe
NYU Local - Examiner.com
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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 ...

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 ...

Global Banking Corporation announces Marsa Al Seef, flagship development project in Bahrain (AME Info)
Global Banking Corporation B.S.C (c) (GBCORP) the Bahrain based Islamic investment bank today announced the launch of Marsa Al Seef, its premier development project in Bahrain...

UK Govt Encouraging Banks To Lend To Oil Cos - Wall Street Journal

UK Govt Encouraging Banks To Lend To Oil Cos
Wall Street Journal
The government is also looking at the possibility of securing funding from the European Investment Bank, O'Brien said. "The EIB has considerable reserves," and the department has been talking to several companies about using them, not just for gas .
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Goldman likely to post profits this year: analyst Bove - Reuters

Boston Globe
Goldman likely to post profits this year: analyst Bove
Reuters
N) is likely to post profits in every quarter this year, and the long-term outlook for the company is now positive again, veteran banking analyst Richard Bove said and began coverage of the former investment-banking giant with a "hold" rating. .
ICBC: Goldman Sachs To Extend Stake Lockup Period Wall Street Journal
ICBC and Goldman Sachs Announce New Share Lock-up Commitment and . Business Wire (press release)
Treasury Preserves Bank Payday With AIG Rescue Cash Bloomberg
Wall Street Journal Blogs - Reuters
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Leveraged Finance - Leveraged Finance, DCM, Leveraged Finance .
Are the leveraged finance and investment banking the same animal? Sort of. As leveraged finance was originally a commercial banking function, most of the premier leveraged finance shops can be found within the investment banks of the ...

Australia Again Dithers On Chinese Investment (Forbes)
The investment regulatory agency said it needed another 90 days to review China Minmetals' acquisition of OZ Minerals...

CalPERS, CalSTRS Take BofA to Court - GlobeSt. com

Boston Globe
CalPERS, CalSTRS Take BofA to Court
GlobeSt. com, NY
15, despite $45 billion in losses and write-downs and an estimated $44 billion in real estate-related securities still on Merrills books, BofA paid $50 billion for the investment banking firm. Interestingly, when Lewis assumed the helm in 2001, .
bofa equity sales head retires Reuters
At bofa, A Bearish Duo Out Hedge Fund Net
Great Moments in Economic Hubris: Bank of America's Art Opening on . Esquire
Bloomberg
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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...

Wall Street Investment Banking Explained
Wall Street Investment Banking Explained. by Fabrice Grinda on 03/23/2009 15:03 0 comments , 25 views. Young Chuck moved to Texas and bought a donkey from a farmer for $100. The farmer agreed to deliver the donkey the next day. ...

Fallout Continues at Merrill & the Future of Universal Banking .
Since January, a wave of top Merrill executives have bolted, starting with Bob McCann, who headed Merrills EURthundering herdEUR of 16000 financial advisers, and Gregory Fleming, Merrills president and head of investment banking ...

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 ...

Deals of the Day: AIG, Bonuses and the Backlash Against the Backlash - Wall Street Journal Blogs

Deals of the Day: AIG, Bonuses and the Backlash Against the Backlash
Wall Street Journal Blogs, NY
[WSJ] Wells Fargo: The bank has appointed another round of leaders in its investment banking and capital markets group, and former Wachovia executives have landed a majority of the posts. [Charlotte Observer] Double Dippers: As Treasury Secretary Tim .
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Gold Climbs for First Day in Four in Asia on Investment Demand (Bloomberg)
March 25 (Bloomberg) -- Gold gained for the first day in four in Asia as investment demand increased after the Federal Reserves plan to buy debt fueled concerns about inflationary pressures ahead...

Rodman & Renshaw ends Cowen Group deal pursuit - Forbes

Rodman & Renshaw ends Cowen Group deal pursuit
Forbes, NY
The landscape of the investment banking world has changed dramatically in the past six months, beginning with Lehman Brothers Holdings Inc. filing for bankruptcy protection at the end of September amid the worsening credit crisis. .
Rodman & Renshaw Capital Group, Inc. Announces Termination of . Business Wire (press release)
Rodman & Renshaw Terminates pursuit of Merger deal with Cowen . RTT News
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