Top Investment Banking News for 04/21/2009



mydigitallife | Investment banking explained
This one was told to me recently. It is quite instructive. Chuck moves to Texas and buys a donkey from a farmer for $100. He pays the money and the...

Finally, a JobEURAnd a Move Away from Banking - Wall Street Journal

Finally, a JobEURAnd a Move Away from Banking
Wall Street Journal
Brian Murphy spent a year as an associate in Bear Stearns' investment banking division until the firm collapsed. Mr. Murphy, 35, is searching for restructuring or turnaround management jobs and divides his time between California and New York. .
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Nomura Slashes Indian I-Banking Team By Half | VCCircle
Japanese investment banking major Nomura Holdings, which acquired Lehman Brother's Asia and India operations, has slashed its investment banking team by half in the country. Among those let go include the top dogs like Surojit Shome, ...

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 ...

JMP Group Announces Addition of Alexander Alden to Financial Services Investment Banking Group (Business Wire via Yahoo! Finance)
SAN FRANCISCO----JMP Group Inc. , an investment banking and alternative asset management firm, announced today that Alexander M. Alden has joined JMP Securities, JMP Group's broker-dealer subsidiary, as a director in the financial services investment banking group...

UBS sells Brazilian investment banking arm back to founders (Financial Times)
UBS's new management took a big step towards reversing the Swiss bank's expansion during the boom by selling Pactual , its Brazilian investment banking arm, back to its founders less than three years after buying it...

Decision To Go Public RTGVE, RTG Ventures, Inc. ,RTGVE.OB (New .
On March 31, 2009 the Company issued a press release announced today that it had engaged Midtown Partners & Co., LLC (EURMidtown PartnersEUR), a leading small-cap investment banking firm, as its investment bank and financial advisor to ...

Brazil banking star makes comeback with UBS deal - Reuters

Straits Times

Brazil banking star makes comeback with UBS deal
Reuters
The deal pushes forward Esteves' return to Brazil's banking market by nearly a year and signals he is betting on a pickup in stock offerings as well as mergers and acquisitions. "The thoroughbred Brazilian investment banks are making a comeback because .
Video: Stock In Focus - UBS - Bloomberg Bloomberg
UBS to sell UBS Pactual to BTG Investments Trading Markets (press release)
UBS sells Brazilian unit Pactual back to its founders for $2.5bn Financial Times
LatinFinance - Bloomberg
all 232 news articles
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Bank of America & Merrill Lynch: Now, About that Integration - Wall Street Journal Blogs

ABC News

Bank of America & Merrill Lynch: Now, About that Integration
Wall Street Journal Blogs, NY
According to a person familiar with the matter, Bank of America and Merrill Lynch have yet to merge their broker-dealer operations, which includes their investment banks. Banc of America Securities is the investment banking business of Bank of America. .
Financial News: Power struggle at B. of A. Merrill Lynch MarketWatch
In the Black, and Seeing Reserve Peak Bank Technology News
Stocks fall over outlook for banks Los Angeles Times
Washington Post - PR Newswire (press release)
all 2,364 news articles
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MOVES-Miller Buckfire, Legal and General Investment (Reuters via Yahoo! Philippines News)
(Adds Miller Buckfire and Legal and General Investment)..

Geithner: Investment Bankers. Ewww. - Wall Street Journal Blogs

Seattle Post Intelligencer

Geithner: Investment Bankers. Ewww.
Wall Street Journal Blogs, NY
Geithner is no stranger to Wall Street, of course; as head of the Federal Reserve Bank of New York he dealt with many of the big bank CEOs. Last year, he got a crash course in investment banking when he helped then-Treasury Secretary Hank Paulson craft .
US Stocks Advance as Geithner Says Banks Have Enough Cash Bloomberg
Reversal in bank stocks lifts overall market The Associated Press
Geithner Weighs Bank Repayments Wall Street Journal
Politico - Trading Markets (press release)
all 1,906 news articles
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The European investment banking business at Bank of America Merrill Lynch is locked in a stand-off as former Merrill . (eFinancial News)
The European investment banking business at Bank of America Merrill Lynch is locked in a stand-off as former Merrill Lynch managers and Bank of Americas top executives argue over how the business should be run...

US HOT STOCKS: Zions Bancorp, Bank of America - Wall Street Journal

US HOT STOCKS: Zions Bancorp, Bank of America
Wall Street Journal
Jeffries Group Inc. (JEF, $15.71, +$1.41, +9.86%) reversed a prior-year first-quarter loss, with a boost from its investment bank's fixed-income and commodities businesses, where revenue nearly doubled. Investment bank and asset manager Northern Trust .
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Goldman: A Conviction Buy - Forbes

NewsHour

Goldman: A Conviction Buy
Forbes, NY
Goldman ( GS - news - people ) managed to orphan the December month as the investment bank transitions to a quarterly calendar. It's not exactly earnings manipulation but skating close to it. That is exactly why investors should love the stock. .
A skeptic's guide to Goldman Sachs Globe and Mail
Morgan Stanley earnings preview The Daily Deal (subscription)
Goldman Sachs takes on blogger FierceFinance
TheChronicleHerald.ca - Financial Times
all 160 news articles
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BofA posts $2.8 billion 1st quarter profit | CharlotteObserver.com
The bank is also suffering as more consumers default on loans of all types, though corporate and investment banking operations fared relatively well. That's an about-face from the previous few quarters, when the bank emphasized the ...

Bank of America Wrecking Merrill's Europe Banking Franchise (BAC)
"Moynihan's view is 'we'll do it the Bank of America way and no other', even though that got them nowhere in European investment banking for the past five years, whereas the Merrill Lynch model, which delegated a lot of authority, ...

Investment banking trims Citi's loss
Citigroup Inc. said on Friday that cost-cutting efforts and improved investment banking and trading...

2-Star Stocks Poised to Plunge: Goldman Sachs? | The Money Times
Investment Banking and Brokerage. Trailing-12-Month Revenue. $22.22 billion. Management. Chairman/CEO Lloyd Blankfein (since 2006). COO Gary Cohn (since 2006). 3-Month Price Change. 103%. Competitors. JPMorgan Chase (NYSE: JPM) ...

Credit Suisse to pay for losses on Lehman products (AFP via Yahoo! News)
Swiss banking giant Credit Suisse on Tuesday said it would pay 50 million francs (33 million euros, 42 million dollars) to about 1,700 clients for losses on capital-protected products linked to failed US investment bank Lehman Brothers...

Ex-Dresdner Capital Markets Chief Sues for Severance (Update3) (Bloomberg)
Jens-Peter Neumann received a bonus payment of 3 million euros when he left the investment banking unit, Dresdner Kleinwort, after the January takeover by Commerzbank . During a hearing today in Frankfurt, Neumann claimed he was also entitled to a severance payment negotiated before he departed...

JMP Group Announces Addition of Alexander Alden to Financial . - SYS-CON Media (press release)

JMP Group Announces Addition of Alexander Alden to Financial .
SYS-CON Media (press release), NJ
JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Alexander M. Alden has joined JMP Securities, JMP Group's broker-dealer subsidiary, as a director in the financial services investment banking .
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Foray into investment banking (Business Times (Malaysia))
Al Rajhi Bank of Saudi Arabia (Al Rajhi Bank KSA), the world's largest Islamic bank with US$44 billion (RM158 billion) in assets, has last month obtained a licence from Bank Negara Malaysia to establish an international Islamic banking unit in Malaysia...

CORRECT: Jefferies Returns To Black In 1Q As Revenue Surges - Wall Street Journal

CORRECT: Jefferies Returns To Black In 1Q As Revenue Surges
Wall Street Journal
"It might be a while" before investment banking picks up, "but we hope to see a pickup by the end of the year," Handler said. Jefferies' asset-management business had essentially flat revenue as the bank posted a profit of $3.76 in asset-management .
Jefferies Group, Inc. Q1 2009 Earnings Call Transcript Seeking Alpha
Jefferies, Proving To Be Rainmakers' Alternative (JEF, BAC, GS) 24/7 Wall St.
Jefferies 1Q results beat Wall Street expectations Forbes
Reuters - RTT News
all 22 news articles
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Even for seasoned investment banking industry observers the war raging within Bank of America Merrill Lynch over how . (eFinancial News)
Even for seasoned investment banking industry observers the war raging within Bank of America Merrill Lynch over how its European investment bank should be run is proving bloody...

MOVES-Barclays, Broadpoint Capital, Sagent - Reuters

MOVES-Barclays, Broadpoint Capital, Sagent
Reuters
L) Barclays Capital, the investment banking business of Barclays Bank Plc, said Gabriel Barbara has been appointed head of equities for Mexico, based in Mexico City, responsible for establishing and expanding the firm's local equities business. .
Broadpoint Capital Expands Rates Group Business Wire (press release)
all 12 news articles
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Commentary: The investment bank wants you to bank with them - MarketWatch

AFP

Commentary: The investment bank wants you to bank with them
MarketWatch
Since Morgan Stanley and the rest of the nation's big investment banks ran into a liquidity and confidence crisis last year, they've been granted bank holding company status. That gave them access to Federal Reserve funding programs immediately, .
Morgan Stanley may buy US regional banks - Nikkei Reuters
Morgan Stanley Reportedly Eyeing US Regional Banks TheStreet.com
Nikkei: Morgan Stanley may buy US regional banks to build up . RTT News
all 32 news articles
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Brewin Dolphin appoints financial planning head
Investment Banking News. Investment Banking Newss JP Morgan posts $2.1bn profit for Q1. Savings & Investment News. Savings & Investment News Savers turn from interest rates to antiques. Borrowing & Lending News ...

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...

Banking Industry's Uncertain Future Puts Investors on Edge (The Online NewsHour)
Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector...

Investment banking revives JPMorgan Chase
JPMorgan Chase & Co., the second-largest US bank by assets, reported profit for the first quarter...



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