Top Investment Banking News for 04/17/2009



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...

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 .
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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...

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 .
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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 ...

(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 ...

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...

Citigroup Swings To 1Q Profit On Fewer Write-Downs - Wall Street Journal

Boston Globe

Citigroup Swings To 1Q Profit On Fewer Write-Downs
Wall Street Journal
The rest of the company will consist of Citigroup's investment bank, credit-card division and regional banking operations in many parts of the world. -By Matthias Rieker and Kerry E. Grace, Dow Jones Newswires; 201-938-5936; .
Europe leads Citigroup's investment bank back to profit Financial News (subscription)
After Year of Heavy Losses, Citigroup Finds a Profit New York Times
Citi results top Street forecasts, but shares fall The Associated Press
guardian.co.uk - BusinessWeek
all 1,873 news articles
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(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 ...

JPMorgan Chase Beats Street Views, Lifts Market - The Epoch Times

guardian.co.uk

JPMorgan Chase Beats Street Views, Lifts Market
The Epoch Times, NY
Its profit was still higher than analyst estimates, and its market cap has close to doubled over the last month based on expected strong showing from the bank. The rise in earnings was mostly from strong performance from its investment banking division .
Video: Banks See Profits Again CBS
New Day, New Bank, Same Story RGE Monitor
JP Morgan makes $2bn profit on record sales Times Online
Wall Street Journal Blogs - BBC News
all 375 news articles
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JPM Chase Data Offers Some Signs for Industry - Bank Technology News

Straits Times

JPM Chase Data Offers Some Signs for Industry
Bank Technology News, NY
In addition to retail financial services, investment banking drove JPMorgan Chase's earnings. The investment bank EUR” riding high on rebounding fixed-income activity and securities trading EUR” reported $1.6 billion of net income on record revenue of $8.3 .
JPMorgan's Profit Falls 10% But Beats Expectations Wall Street Journal
jpmorgan reassigns inherited Bear Stearns team Reuters
JP Morgan reports record revenue of $27bn Times Online
CNNMoney.com - Business Wire (press release)
all 1,698 news articles
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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 ...

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...

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
Citi Singapore booming amid the global gloom AsiaOne
all 11 news articles
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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
Normura Said to Cut 50 Investment Banking Jobs New York Times Blogs
Nomura fires, Bank of America-Merrill Lynch hires FinanceAsia
Wall Street Journal
all 32 news articles
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Investment banking revives JPMorgan Chase
JPMorgan Chase & Co., the second-largest US bank by assets, reported profit for the first quarter...

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...

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), ...

Earnings Preview: Bank Of America (NYSE:BAC) Doesn't Look Attractive - istockAnalyst.com (press release)

Yahoo

Earnings Preview: Bank Of America (NYSE:BAC) Doesn't Look Attractive
istockAnalyst.com (press release), OR
I expect the company's Global Consumer and Small Business Banking and Global Wealth and Investment Management to be profitable in the first quarter of 2009. Global Corporate and Investment Banking is expected to report poor results mainly due to .
BAC Preview: The Merrill Lynch Wild Card TheStreet.com (subscription)
all 64 news articles
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Bankers eye Islamic finance jobs as crisis hits - Reuters

stv.tv

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 Arab Islamic bank mergers needed but far-off Reuters
Islamic banks see Iran opportunities Reuters
Bahrain's GFH seeking $600 million for energy cities Reuters
Reuters
all 42 news articles
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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...

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) ...

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 EURśrebuildingEURť African economies I thought that this article on Iceland, its respective brokeness, and the IMFs ...

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...

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. ...

Citibank's Surprising Profit: Are Banks Really Out of the Woods? - TIME

iBerkshires.com

Citibank's Surprising Profit: Are Banks Really Out of the Woods?
TIME
Whitney's particular question was about Citi's $1.7 billion in investment banking profits in Europe, and Kelly's eventual answer was basically just that business had been good. But bank financial statements are never quite that simple: Citi's overall .
Citi's Big Quarter in Perspective Atlantic Online
The Independent Investor: What's That Light at the End of the Tunnel? iBerkshires.com
all 4 news articles
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Banking Industry Showing Signs of a Recovery - DealBook Blog .
Investment banking and trading activities are enjoying a bounce from the billions of dollars spent to thaw frozen credit markets. And even before the results of a new health test for the nations 19 largest banks are unveiled, ...

Stocks To Watch Today : Citi Plays The Pivotal Role In Banking .
The bearish case is easy to make: Citi recorded a profit because of heavy trading profits at its investment banking operation. Chances are, it wont replicate those in coming quarters, because some of the activity reflected pent-up ...

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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