Top Investment Banking News for 04/16/2009



(AFX UK Focus) 2009-04-15 11:26 Nomura cuts 50 investment banking jobs in Asia (Interactive Investor)
HONG KONG, April 15 (Reuters) - Japanese brokerage Nomura Holdings Inc has cut another 50 investment banking jobs in Asia, excluding Japan, sources close to the matter said on Wednesday. In September, Nomura bought the Asian, European and Middle Eastern assets of Lehman Brothers, shortly after the New York brokerage collapsed. A source familiar with the matter said the latest rounds of cuts at ...

Three Merrill investment bankers exit The Business Journal of the . - Bizjournals.com

Three Merrill investment bankers exit The Business Journal of the .
Bizjournals.com, NC
Three Merrill Lynch & Co. investment bankers are leaving the company to join a New York-based investment-banking adviser. Alan Hartman, Richard Girling and Mark Robinson, who specialized in the health-care sector at Merrill Lynch, have agreed to join .
Hiring: Centerview grabs Merrill healthcare M&A bankers The Daily Deal (subscription)
Merrill M&A Team Jumps to Boutique LatinFinance
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BNP to launch Saudi investment bank unit - Reuters

BNP to launch Saudi investment bank unit
Reuters
MANAMA (Reuters) - French bank BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz) is about to set up an investment banking unit in Saudi Arabia and is considering launching several Islamic investment funds across asset classes, executives said .
(For other news from the Reuters Islamic Banking Summit, click on . guardian.co.uk
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Investment banking : Blog Online
Investment baking is often confused with core banking principles however, in reality investment banking deals in the sale and issue of securities at the capital markets in addition to providing financial advice based on M and A (merger ...

Bankers eye Islamic finance jobs as crisis hits - Reuters

MSN Money UK
Bankers eye Islamic finance jobs as crisis hits
Reuters
By Raissa Kasolowsky MANAMA (Reuters) - A growing number of investment bankers whose jobs have been axed due to the global financial crisis are leaving conventional banking to move into Islamic finance, banking executives say. .
Gulf Finance House looks for $600 million ArabianOilandGas.com
Gulf Arab Islamic bank mergers needed but far-off Reuters
Islamic banks see Iran opportunities Reuters
Reuters - Reuters
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Iceland: IMF, Elves, and Investment Banking Screening Africa 4
Iceland: IMF, Elves, and Investment Banking. Posted on April 15, 2009 by vanpatrick. After our talks about the IMFs role in EURrebuildingEUR African economies I thought that this article on Iceland, its respective brokeness, and the IMFs ...

Pro Mujer Names 30-year Investment Banking Veteran as its New CFO
Pro Mujer Names 30-year Investment Banking Veteran as its New CFO. By Administrator EUR April 15, 2009. Poised for expansion, Pro Mujer Bolsters Senior Leadership. (PRWeb Apr 15, 2009) ...

Investment banking expected to drive OSK earnings (Business Times (Malaysia))
FINANCIAL services group OSK Holdings Bhd ( 5053 ) hopes to maintain its pre-tax profit and revenue this year, driven by its investment banking activities, says its chief...

* CEO Dimon says ready to repay TARP - guardian.co.uk

Straits Times
* CEO Dimon says ready to repay TARP
guardian.co.uk, UK
But he said it was "unreasonable" to expect investment banking to remain as strong as it was in the first quarter. While JPMorgan largely avoided the losses and writedowns on complex debt securities and subprime mortgages that hurt other banks in 2008, .
Video: Dimon On TARP - Bloomberg Bloomberg
JPMorgan's Profit Falls 10% But Beats Expectations Wall Street Journal
JPMorgan Net Beats Estimates on Fixed-Income Revenue Bloomberg
Times Online - Business Wire (press release)
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IT Security Manager (Investment Banking) : IT PROJECT
Our City based consultancy now has a fantastic new opportunity for a highly experienced IT Security Manager to work onsite with an Investment banking client, who possess a strong IT Security background and definitely the following ...

Investment banking revives JPMorgan Chase (National Post)
JPMorgan Chase & Co., the second-largest U.S. bank by assets, reported profit for the first quarter that beat analysts estimates on record investment-banking revenue...

UPDATE 1-Nomura cuts 50 investment banking jobs in Asia - World .
Goozad.com brings you the latest news from around the world, covering breaking news in business, finance, politics, entertainment, and more in video and pictures...

Bill Winters, co-chief executive of investment banking at JP Morgan Chase, said the unit is sticking to its 20% return . (eFinancial News)
Bill Winters, co-chief executive of investment banking at JP Morgan Chase, said the unit is sticking to its 20% return on equity target despite a lower leverage environment and new rules on capital allocation coming into force...

Jeremy Warner: Who said investment banking was dead? Not Goldman Sachs (Independent)
Outlook Reports of investment banking's death seem greatly exaggerated to judge by the latest quarterly results from Goldman Sachs. OK, so the super-charged profits of two or three years back, when investment banking was firing on all cylinders, are gone, but Goldman is once again making good money in many areas of activity EUR particularly fixed income, currency trading and commodities...

(AFX UK Focus) 2009-04-15 11:39 UPDATE 1-Nomura cuts 50 investment banking jobs in Asia (Interactive Investor)
HONG KONG, April 15 (Reuters) - Japanese brokerage Nomura Holdings Inc has cut another 50 investment banking jobs in Asia, excluding Japan, sources close to the matter said on Wednesday. In September, Nomura bought the Asian, European and Middle Eastern assets of Lehman Brothers, shortly after the New York brokerage collapsed. The bank has since been cutting jobs, both legacy Lehman and Nomura ...

Colombia To Pick Investment Bank For Isagen Sale Next Week - Wall Street Journal

Colombia To Pick Investment Bank For Isagen Sale Next Week
Wall Street Journal
BOGOTA (Dow Jones)--The Colombian government will pick the investment bank that will handle the sale of state-owned power generator Isagen SA (ISAGEN.BO) next week, public credit director Viviana Lara said Tuesday. The government is eyeing the .
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Normura Said to Cut 50 Investment Banking Jobs - DealBook Blog .
Japans Nomura Holdings has cut 50 investment-banking jobs in Asia, as revenue from advising on stock sales and mergers has shriveled amid the financial crisis, according to press reports. The reductions represent 2 percent of the ...

Analyst Actions: Goldman Sachs, Landstar System, Steel Sector - BusinessWeek

Analyst Actions: Goldman Sachs, Landstar System, Steel Sector
BusinessWeek
The New York-based bank reported better-than-expected first-quarter profit earlier in the week as fixed income revenues surged. Goldman's trading revenues are likely sustainable and investment banking and investment management revenues could also rise, .
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Nomura said to be cutting 50 investment banking jobs - MarketWatch
HONG KONG (MarketWatch) -- Nomura Holdings Inc. (NMR) has cut 50 investment banking jobs in Asia ex-Japan as part of its integration with the Asian and European operations of collapsed Lehman Brothers Holdings Inc. (LEH), ...

Crikey - Investment banking blues engulf UBS - Investment banking .
Whopping losses and thousands of job cuts at UBS is enough to make a Swiss banker swear on his TARP and go straight, writes Glenn Dyer...

Citi's Investment Banking Head Induces More Focus On Customers - Wall Street Journal

AsiaOne
Citi's Investment Banking Head Induces More Focus On Customers
Wall Street Journal
For one thing, Chief Executive Vikram Pandit and John Havens, the bank's head of corporate and investment banking, have said results for the capital markets business, at least in early part of the first quarter, looked good. .
Citigroup's Singapore business still raking it in AsiaOne
Friday preview: Citigroup Find.co.uk
Citi Singapore booming amid the global gloom AsiaOne
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Nomura Eliminates 50 Investment Banking Jobs in Asia (Update1) (Bloomberg)
April 16 (Bloomberg) -- Nomura Holdings Inc. , Japans largest brokerage, cut 50 investment-banking jobs in Asia outside its home market as the recession crimps revenue from advising on stock sales and mergers, a company official said...

Bank of America Merrill Lynch exodus (Dealscape)
To be fair, BofA-Merrill has been hiring to replace some of these bankers, including Steven Niemczyk, who will join its global corporate and investment banking business as global head of asset management investment banking in June. ...

Big banks' fuzzy math - CNNMoney.com

Reuters
Big banks' fuzzy math
CNNMoney.com
JPMorgan benefited from a much stronger performance at its investment bank, where revenue more than doubled from a year ago. Wells enjoyed the fruits of a federally engineered mortgage refinancing boom. The bad news is that credit costs -- reflecting .
Banks Aren't Yet in the Clear BusinessWeek
Different Shades of Banking Profits (GS, WFC) Investopedia
Wells Fargo expects record US$3-billion profit Canada.com
Zacks.com
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Nomura Said to Cut 50 Investment Banking Jobs in Asia Ex-Japan (Bloomberg)
April 16 (Bloomberg) -- Nomura Holdings Inc. , Japans largest brokerage, cut 50 investment-banking jobs in Asia outside Japan as the global recession crimps revenue from advising on stock sales and mergers, a company official said...

ADIC moves into investment banking territory | Opalesque Sovereign .
ADIC moves into investment banking territory. Posted on 15 April 2009. From Penews.com: Abu Dhabi Investment Company, the Middle Eastern sovereign wealth fund, is to compete more directly with investment banks by providing third party ...

Nomura said to be cutting 50 investment banking jobs (Market Watch)
HONG KONG (MarketWatch) -- Nomura Holdings Inc. (NMR) has cut 50 investment banking jobs in Asia ex-Japan as part of its integration with the Asian and European operations of collapsed Lehman Brothers Holdings Inc. (LEH), a person familiar with the situation said Thursday...

Nomura Cuts 50 Investment Banking Jobs in Asia - Wall Street Journal

Nomura Cuts 50 Investment Banking Jobs in Asia
Wall Street Journal
By AMY OR HONG KONG -- Nomura Holdings Inc. has cut 50 investment banking jobs in Asia, excluding Japan, as part of its integration with the Asian and European operations of collapsed Lehman Brothers Holdings Inc., a person familiar with the situation .
Nomura Eliminates 50 Investment Banking Jobs in Asia Bloomberg
Nomura cuts 50 investment banking jobs in Asia Reuters
Normura Said to Cut 50 Investment Banking Jobs New York Times Blogs
mydigitalfc.com - Wall Street Journal
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Jeremy Warner: Who said investment banking was dead? Not Goldman Sachs - Independent

Telegraph.co.uk
Jeremy Warner: Who said investment banking was dead? Not Goldman Sachs
Independent, UK
Outlook Reports of investment banking's death seem greatly exaggerated to judge by the latest quarterly results from Goldman Sachs. OK, so the super-charged profits of two or three years back, when investment banking was firing on all cylinders, .
Video: In-Depth Look - Wells Fargo, Goldman Excemption To The Rule - Bloomberg Bloomberg
Goldman Sachs 1Q Net Up 20%; To Sell $5B In Shares Wall Street Journal
Is Goldmans Share Offering an Attempt to Further Ensnare the . Money Morning
The Daily Deal (subscription) - Washington Post
all 2,857 news articles
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Normura Said to Cut 50 Investment Banking Jobs (New York Times)
Japans Nomura Holdings has cut 50 investment-banking jobs in Asia, as revenue from advising on stock sales and mergers has shriveled amid the financial crisis, according to press reports...



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