Top Investment Banking News for 03/30/2009



CREDIT MARKETS:Auto, Bank Woes Weigh On Investors - Wall Street Journal

CREDIT MARKETS:Auto, Bank Woes Weigh On Investors
Wall Street Journal
"It feels heavy," said Joe Balestrino, senior portfolio manager at Federated Investment Management, about the tone in corporate credit. "It's more than GM. It's Geithner telling us that banks need more help, it's equities fading, it's bank ceos talking .
The End Game for GM Bondholders Wall Street Journal Blogs
all 49 news articles
..

Goldman Sachs Said to Lose Buffetts Banker Trott - Bloomberg

Goldman Sachs Said to Lose Buffetts Banker Trott
Bloomberg
Trott, a 50-year-old vice chairman of investment banking, is leaving to start a merchant-banking fund that will invest in and advise companies controlled by families or entrepreneurs, said one of the people, speaking on condition of anonymity because .
Byron Trott to Leave Goldman Sachs. Warren Buffett Signs On. Wall Street Journal Blogs
Buffett's favorite banker to leave Goldman Sachs Reuters
Warren Buffett Plans Investment As Favorite Investment Banker . CNBC
LALATE - Financial News (subscription)
all 28 news articles
..

World stocks tumble on auto and banking woes (Reuters via Yahoo! News)
World stocks hit a one-week low and government bonds rose on Monday after General Motors and Chrysler edged closer to bankruptcy as their turnaround plans were rejected and tensions rose in Europe's banking sector...

Buffett's favorite banker to leave Goldman Sachs (Reuters via Yahoo! News)
Goldman Sachs investment banker Byron Trott, the rare Wall Street dealmaker who gained the trust of billionaire investor Warren Buffett, is leaving to start his own merchant banking firm, a person familiar with the situation said on Monday...

Dream-team investment banking (CNN Money)
Imagine you're running an expansion team and the New York Yankees run into major financial problems. Derek Jeter and A-Rod are suddenly available.and affordable. That's the position in the M&A world where Peter J. Solomon, the 70-year-old head of his own investment bank, finds himself today. Solomon left Lehman Brothers, where he was a vice chairman of the firm and co-chairman of investment ...

Goldman buys $58 mln Winkelried, Palm fund stakes - Reuters

Goldman buys $58 mln Winkelried, Palm fund stakes
Reuters
Speculation has swirled about the circumstances surrounding Winkelried, 49, since the veteran trading and investment banking executive placed a Nantucket, Massachusetts, estate on the market last fall for $55 million. Last month, Goldman announced that .
Goldman Sachs takes care of its execs FierceFinance
all 7 news articles
..

Investment banking | Finance Expert ON-LINE
Dr Kathy Walsh from the School of Banking and Finance at the Australian School of Business has produced a video that introduces undergraduate students to the...

Greenhill Lures Banker From Morgan Stanley (New York Times)
Every day seems to bring news of another top dealmaker leaving a big Wall Street institution for a boutique investment firm. The latest banker to jump ship is Robert K. Collins, who will leave his post as head of infrastructure investment banking at Morgan Stanley to take a similar spot at Greenhill & Company , the boutique firm run by the Wall Street veteran Robert F. Greenhill, the firm ...

Investment Banking, Lending Split: BofA Lewis Suggests
Investment Banking, Lending Split: BofA Lewis Suggests - The Huffington Post...

CompliancEX: Bank of America May Increase Salaries for Investment .
EURœThe concepts we are considering would not increase total compensation,EURBrian Moynihan, Bank of Americas president of investment banking and wealth management, wrote yesterday in a memo to employees obtained by Bloomberg News. ...

Banking and Financial (Mondaq)
On March 23, 2009, the US Department of the Treasury (Treasury), in conjunction with the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (FRB), released the long-anticipated details of its Public-Private Partnership Investment Program (PPIP). The PPIP is the most recent program to be announced under Treasury's broad-based Financial Stability ...

UBS Hires Maurice Marchesini and Sean Minnihan as Managing Directors in Financial Institutions Banking (Business Wire via Yahoo! Finance)
NEW YORK----UBS Investment Bank today announced that Maurice Marchesini and Sean Minnihan will join its Investment Banking Department as Managing Directors in its Financial Institutions Group ...

Geithner Is Overreaching on Regulatory Power - Wall Street Journal

guardian.co.uk

Geithner Is Overreaching on Regulatory Power
Wall Street Journal
One of the main proposals in the regulatory reforms outlined by Treasury Secretary Timothy Geithner yesterday would give the Treasury, FDIC and the Fed authority to take control when investment banks or other financial institutions (hedge funds, etc. .
Video: Geithner Testifies Before House Committee The Associated Press
Geithner seeks more hedge fund regulations USA Today
Toxic-Asset Plan: Tricky Times Ahead msnbc.com
New York Times - Reuters
all 9,686 news articles
..

Why the Mining Sector Doesnt Need Banks - Money Morning

Why the Mining Sector Doesnt Need Banks
Money Morning
In the past few months, natural-resource players have gone on a $42 billion fundraising spree, in which every single dollar has come from outside the regular banking system. Instead, investment banks have been busy raising fresh capital for the mining .
..

Buffett's favorite banker to leave Goldman Sachs (Washington Post)
NEW YORK (Reuters) - Goldman Sachs investment banker Byron Trott, the rare Wall Street deal maker who gained the trust of billionaire investor Warren Buffett, is leaving to start his own merchant banking firm, a person familiar with the situation said on Monday...

BecomingWhoYouWantToBe | Differences In Management Consulting and .
The decision was easier for me than many. The cons of investment banking - the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities - mattered far more to me than a 6-figure salary...

Pellegrini Moves to Nomura - Wall Street Journal

Boston Globe

Pellegrini Moves to Nomura
Wall Street Journal
Andrea Pellegrini, chairman of the public-sector group for Europe, the Middle East and Africa and a former head of investment banking for Italy at Merrill Lynch, has joined Nomura as co-chairman and head of investment banking for Italy. .
BofA Bankers Could See 70% Salary Hike Planadviser.com
Report: bofa may raise some salaries by 70% Bizjournals.com
The American Lawyer's April Issue: The Top 25 Dealmaking Lawyers . Trading Markets (press release)
all 44 news articles
..

Pay at investment banks is set for a radical overhaul as many of the worlds largest banks move to compensation . (eFinancial News)
Pay at investment banks is set for a radical overhaul as many of the worlds largest banks move to compensation structures based on the amount of risk taken by employees to generate profits, according to the banking industrys leading trade body...

Morgan Stanley loses three investment bankers - Reuters

Morgan Stanley loses three investment bankers
Reuters
N) infrastructure investment banking in the Americas and two other senior investment bankers in its financial services practice are leaving. Robert Collins, the infrastructure investment banker, is joining Greenhill & Co Inc (GHL. .
Greenhill Lures Banker From Morgan Stanley New York Times Blogs
MOVES-Goldman, Morgan Stanley, UBS, Greenhill Reuters
all 9 news articles
..

Obama To Bankers: "Show Some Restraint" - Reuters

Obama To Bankers: "Show Some Restraint"
Reuters
The information comes from a memo written by Brian Moynihan, Bank of America's president of investment banking and wealth management, that was leaked to the press. "The concepts we are considering would not increase total compensation," Moynihan wrote. .
..

nigerian jobs: Jobs at Major Banking Group: HODs of Investment .
Our client, a major Banking Group with strides in Commercial and Investment Banking firm in Nigeria is looking to recruit exceptional candidates to further develop their Retail Operations and Asset & Investment Banking business. ...

Jobs in United Arab Emirates - Dubai : Vice President-Investment .
Leading Regional Investment Banking Organisation has an excellent opportunity for a Vice President. JOB PURPOSE Present attractive investment opportunities to senior management after detailed analysis and assessment ...

Ken Lewis Thinks Maybe Investment Banking And Commercial Banking .
Maybe the big guy is having morning after regrets about that Merrill acquisition...

Financial Crisis No Help to Asia Investment Banks - Wall Street Journal

Financial Crisis No Help to Asia Investment Banks
Wall Street Journal
By AMY OR HONG KONG -- Asian-Pacific investment-banking revenues dropped 25% to their lowest quarterly level in more than eight years during the first three months of 2009, hurt by declines in mergers and acquisitions and capital-market activities. .
Revenue from investment banking in Asia-Pacific down 25% SmartBrief
Investment banking revenues down, but not out FinanceAsia
DCM revenue Financial News (subscription)
all 4 news articles
..

Retail banks 'just as stupid as investment counterparts (The Herald)
Retail banks and other high street financial institutions like the collapsed Dunfermline Building Society "have been just as stupid" as big investment banks in making bad decisions, Charles Goodhart, professor emeritus of banking and finance at the London School of Economics, said yesterday...

Automated Trader News Articles - SociĂtĂ GĂnĂrale Corporate .
1 March 30th, 2009 - SociĂtĂ GĂnĂrale Corporate & Investment Banking signs deal with NYSE Technolo...

Investment banking | Finance Expert ON-LINE
Dr Kathy Walsh from the School of Banking and Finance at the Australian School of Business has produced a video that introduces undergraduate students to the. Here is the original: Investment banking | Finance Expert ON-LINE ...

Jobbank - Seeking a career in investment banking? (Nordea)
As an Analyst you will be exposed to all key disciplines in investment banking including mergers and acquisitions, initial public offerings and other equity offerings. For further information, please contact Niels Mejer Andersen, ...

(AFX UK Focus) 2009-03-30 22:55 UPDATE 1-Morgan Stanley loses three investment bankers (Interactive Investor)
NEW YORK, March 30 (Reuters) - The head of Morgan Stanley's infrastructure investment banking in the Americas and two other senior investment bankers in its financial services practice are leaving. Robert Collins, the infrastructure investment banker, is joining Greenhill & Co Inc to lead the independent investment bank's advisory effort for the infrastructure sector in the Americas, Greenhill ...

Bank of America May Increase Salaries for Investment Bankers - Bloomberg

Reuters

Bank of America May Increase Salaries for Investment Bankers
Bloomberg
By Jacqueline Simmons and Josh Fineman March 28 (Bloomberg) -- Bank of America Corp. plans to increase some investment bankers salaries by as much as 70 percent following the takeover earlier this year of Merrill Lynch & Co., people familiar with the .
CORRECTED - UPDATE 1-BofA says CEO does not want bank functions split Reuters
BofA's Lewis Against Reinstating Banking Divide Wall Street Journal
Bank of America's (BAC) Lewis To Tell Obama That Commercial and . StreetInsider.com (subscription)
New York Times Blogs - GlobeSt. com
all 560 news articles
..



Archives Main Index