Top Investment Banking News for 03/31/2009



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 .
Buffett's banker to leave Goldman Sachs MarketWatch
Breakingviews.com Goldman Loses, but Hold the Pity New York Times
Buffett's fave banker bolts BloggingStocks
Wall Street Journal Blogs - CNBC
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Fortis slumps to $37 billion loss on sale of banking operations (Market Watch)
Belgian financial services group Fortis on Tuesday announced a massive 28 billion euro ($36.9 billion) loss for 2008 due to the sale of its Dutch and Belgian banking operations...

Chinese investment rush (The Courier Mail)
THE green light given to Hunan Valin's $645 million cash injection into Fortescue Metals Group late yesterday is expected to trigger a fresh wave of Chinese investment in Australian miners...

Credit Suisse: Committed To Integrated Banking Model - Wall Street Journal

Credit Suisse: Committed To Integrated Banking Model
Wall Street Journal
ZURICH (Dow Jones)--Credit Suisse Group (CS) is committed to its integrated banking model, Paul Calello, chief executive of Credit Suisse's investment bank, said Tuesday. In a presentation on its Web site, Calello said the bank is on track to cut costs .
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Sources of Small Business Financing - Reuters

Sources of Small Business Financing
Reuters
Very few small businesses are able to obtain financing through venture capital firms. * Investment Banking Firms. Investment bankers "take companies public." That means that the investment banker offers stock (an ownership interest) in your company to .
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Ken Lewis Thinks Maybe Investment Banking And Commercial Banking .
Maybe the big guy is having morning after regrets about that Merrill acquisition...

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
Aladdin takes BofA's European bond chief in fresh hiring spree Financial News (subscription)
Ub News
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Robert K. Collins to Join Greenhill as a Managing Director - FOXBusiness

Robert K. Collins to Join Greenhill as a Managing Director
FOXBusiness
Mr. Collins, 39, has been a Managing Director and Head of Infrastructure Investment Banking for the Americas at Morgan Stanley. Over the course of his investment banking career, Mr. Collins has worked on M&A and financing engagements totaling over $85 .
Greenhill hires Chicago MD Banking Times
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Good Moves in Bad Times | The Money Times
One example is, interestingly, a boutique investment banking company that didn't take any government bailout money. Greenhill & Co.'s (NYSE: GHL) share price rose 8% last year as it remained profitable (although its ...

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...

Investment Banking: Italy Edition | Mergers & Inquisitions
A reader shares his thoughts on getting into top MBA programs in Europe, working in investment banking in Italy, and how to network while overseas...

Citi Names Banking Heads for U.S. Power Industry (New York Times)
Citigroup has named Joseph Sauvage and Nick Mckee to co-head the firms North American power and utilities banking team, replacing Kirk Andrews, who left Citi last week to run Deutsche Bank s power group in New York...

Fund management issues and trends, purpose of investment banking .
http://www.globalchange.com Fund management is vital to pensioners wealth and portfolio managers have a major responsibility to protect our future. This is...

Fortis Posts $36.9 Bln Loss Following Sale Of Banking Arms (Fox News)
Fortis Posts $36.9 Bln Loss Following Sale Of Banking Arms..

Global Investment News Briefs: UK Financial Sector, Crude Oil EUR
March 31st, 2009. Published under Education, Forex, Investing, Investment, News. No Comments. Sign Up for Free Stock News at BeaconEquityResearch Today! Report: UK Financials Cutting More Jobs OPEC Prez Forecasts $75/Barrel; ...

Middle Market Investment Banking Done Right | Reynolds Advisory .
From left: Gretchen Lium, Rod Essen, Doug Reynolds and Sue Field FORBES, March 30, 2009 Investment bankers can often take a businesslike approach to...

German Stocks Complete Best Month Since April 2008; Banks Gain - Bloomberg

German Stocks Complete Best Month Since April 2008; Banks Gain
Bloomberg
EURInvestors realize that the tough stance of the US could be the basis for a sustainable solution and that yesterdays sharp decline may have been overdone,EUR said Tammo Greetfeld, senior equity strategist at UniCredit Markets & Investment Banking in .
Germanys DAX Index Posts Biggest Drop This Year, Led by Banks Bloomberg
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Citi Names Banking Heads for U.S. Power Industry - DealBook Blog .
Mr. Sauvage joined Citi in October from Lehman Brothers to become vice chairman for Citis investment banking group. He will retain the role of vice chairman, reporting to Raymond J. McGuire and Alberto J. Verme, Citis global co-heads ...

Multiple threats for investment banking model (Financial Times)
Investment banking, on life support during the final months of last year, is now looking in ruder health...

Goldman Sachs Group banker Byron Trott is leaving the investment bank, according to a person familiar with the matter, . (eFinancial News)
Goldman Sachs Group banker Byron Trott is leaving the investment bank, according to a person familiar with the matter, and will start his own merchant-banking firm...

Banks Focus Attention On Alternative Research Platforms - Wall Street Journal

Banks Focus Attention On Alternative Research Platforms
Wall Street Journal
Independent firms benefit from the model because well-respected banks with many contacts are recommending their research. Ever since the Global Settlement in 2003, which put Chinese walls between investment banking and research at banks, the sell-side .
B of A Merrill Platform Expands BankInvestmentConsultant.com
Merrill Lynch Expands 'Merrill Open Minds' Alternative Research . PR Newswire (press release)
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Senior C# Developer - WCF - Investment Banking : IT PROJECT
Senior C# Developer - WCF - Investment Banking Security & Business Resilience Consultant Python/Django Developer Deputy Programme Director - Gov/IT Services - London SAS Data Manager-Global Giant in Marketing Insight-c50K+ ...

Wells Fargo: May Cut Foreign Workers; Cites Political Pressure - Wall Street Journal

Wells Fargo: May Cut Foreign Workers; Cites Political Pressure
Wall Street Journal
This contrasts with Goldman Sachs (GS), another TARP recipient, which is renewing existing H-1B visas and continues to offer jobs to foreign workers who need new temporary visas to join the investment bank. "We will make offers to the best people .
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UPDATE: Fortis Slumps To $37 Billion Loss On Sale Of Banking Operations (Nasdaq)
LONDON (Dow Jones) -- Belgian financial services group Fortis Holding on Tuesday announced a massive 28 billion euro ($36.9 billion) loss for 2008 due to the sale of its Dutch and Belgian banking operations...

Rurban Financial Corp. Announces RDSI Banking Systems and The St. Henry Bank Enter Contract (GlobeNewswire via Yahoo! Finance)
DEFIANCE, Ohio, March 31, 2009 -- Rurban Financial Corp. , a leading provider of full-service community banking, investment management, trust services and bank data and item processing, today announced its technology subsidiary, RDSI Banking Systems, has entered into a contract with The St...

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...

UBS Hires Maurice Marchesini and Sean Minnihan as Managing . - FOXBusiness

UBS Hires Maurice Marchesini and Sean Minnihan as Managing .
FOXBusiness
"Financial institutions are under intense pressure, facing complex challenges that require specialized, nuanced advice and flawless execution," said Rick Leaman, Joint Global Head of UBS's Investment Banking Department. "UBS's leading FIG practice has .
UBS Grows FIG from Morgan Stanley, BofA Markets Media News
UBS grows FIG team and replaces US prime brokerage head Financial News (subscription)
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(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 ...

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

JPMorgan Takes Lead in Busiest Year for Rights Offers - Bloomberg

Siliconindia.com
JPMorgan Takes Lead in Busiest Year for Rights Offers
Bloomberg
EURWeve had strong quarter-to-date trading results, solid fee income in the investment banking side,EUR JPMorgan Chief Executive Officer Jamie Dimon, 53, said on Feb. 23 call with analysts. Still, competitors led by Goldman Sachs shouldnt be .
Two Goldman Hedge Fund Managers Leaving Firm Wall Street Journal
Goldman buys $58 mln Winkelried, Palm fund stakes Reuters
Is JPMorgan the new Goldman Sachs? eFinancialCareers UK
Wealth Bulletin - FierceFinance
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