Top Investment Banking News for 04/25/2009



It's Time To Restructure The Investment Banks - istockAnalyst.com (press release)

It's Time To Restructure The Investment Banks
istockAnalyst.com (press release), OR
By Martin Hutchinson It's time to restructure the wheeler-dealers of Wall Street EUR the US investment banks. Just over a year ago, there were five major investment banks. Now there are only two EUR or none, depending on how you define the term. .
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Moelis & Company Announces Mark Aedy to Join as Head of Europe, Middle East and Africa Investment Banking (Business Wire via Yahoo! Finance)
LONDON----Moelis & Company announced today that Mark Aedy will join the firm in June as Head of Europe, Middle East and Africa Investment Banking based in London. Mr. Aedy, a 30-year investment banking veteran, will lead Moelis & Company's ongoing expansion in EMEA, further strengthening the firm's global investment banking capabilities...

Investment bank hired to sell Vantage Lofts - Las Vegas Review - Journal

Investment bank hired to sell Vantage Lofts
Las Vegas Review - Journal, NV
By HUBBLE SMITH A California investment banking firm has been retained to sell the $37.5 million first mortgage on Vantage Lofts, a luxury condominium development in Henderson that stopped construction and filed for bankruptcy last year. .
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FOCUS: Credit Suisse Investment Bank Shines After Dec Revamp - Wall Street Journal

Straits Times
FOCUS: Credit Suisse Investment Bank Shines After Dec Revamp
Wall Street Journal
By Katharina Bart Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Credit Suisse Group's (CS) investment bank unit managed to parlay a slight recovery in some securities markets into stellar first-quarter earnings, laying rest to some analysts' fears that .
Video: Credit Suisse Net Income - Bloomberg Bloomberg
Credit Suisse celebrates return of investment banking profits guardian.co.uk
Investment bank pay rises as Credit Suisse FICC revenues surge Financial News (subscription)
The Associated Press - Economic Times
all 434 news articles
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After an Off Year, Wall Street Pay Is Bouncing Back - New York Times

After an Off Year, Wall Street Pay Is Bouncing Back
New York Times, United States
At other banks, pay scales tilt in favor of particular units. jpmorgan Chase, for example, is setting aside what would total $138234 on average for workers. But in the bank's trading and investment banking unit, if revenue stays at first-quarter levels .
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Investment bank hired to sell Vantage Lofts (Las Vegas Review-Journal)
A California investment banking firm has been retained to sell the $37.5 million first mortgage on Vantage Lofts, a luxury condominium development in Henderson that stopped construction and filed for bankruptcy last year...

Scotia Capital named best investment bank in Canada (Investment Executive)
Part of Bank of Nova Scotia, Scotia Capital offers corporate and investment banking and capital markets products to corporate, government and institutional clients...

Thai Fin Min: Committed To New Investment Plan To Boost Econ - Wall Street Journal

Thai Fin Min: Committed To New Investment Plan To Boost Econ
Wall Street Journal
He said the main challenge remains in asset impairment in Western economies, which need to sort out banking problems so they again can function as credit providers. "Unless until that takes place, I don't think we can expect a sustained recovery," he .
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Wells Fargo to eliminate 150 investment banking jobs - CharlotteObserver.com

MiamiHerald.com
Wells Fargo to eliminate 150 investment banking jobs
CharlotteObserver.com, NC
By Rick Rothacker Wells Fargo & Co. plans to eliminate about 150 jobs in its investment banking and capital markets business as part of its acquisition of Wachovia Corp., a source familiar with the situation said today. Employees have begun learning of .
Wachovia Acquisiton Starts To Reshape Wells Fargo Wall Street Journal
Riders on the storm CNNMoney.com
Accounting Change Boosts Wells Fargo Washington Post
Peninsula On-line - istockAnalyst.com (press release)
all 627 news articles
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Commentary: Without trading risk, the investment bank will have a . - MarketWatch

Commentary: Without trading risk, the investment bank will have a .
MarketWatch
. are considering abandoning the tried-and-true model of investment banking that has evolved on Wall Street during the last two decades. , , ) is contemplating spinning off or selling part of its proprietary-trading desk, a kind of in-house hedge .
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Charles Vista LLC Signs Exclusive Investment Banking Deal (Marketwire via Yahoo! Finance)
Charles Vista LLC is proud to announce that it has been retained as the exclusive investment banker for Waste2Energy, Inc (W2e(TM)). In addition to performing traditional Investment Banking Services, Charles Vista will capitalize on the strength of its relationships to raise capital for Waste2Energy and provide value to its clients...

It's Time to Restructure the Investment Banks
True investment banking EUR advisory and underwriting work EUR accounted for $823 million in revenue, a paltry 9% of the total. That makes 115%; the other 15% represented losses on principal investments that had gone wrong. ...

Capital One Lost $112 Million in 1st Quarter - Washington Post

Richmond Times Dispatch
Capital One Lost $112 Million in 1st Quarter
Washington Post, United States
Those companies also struggled with losses in credit card and retail banking operations, but were able to post profits based on the strong performance of their investment banking operations. "Capital One's earnings announcement shows that the recent .
Capital One Improves Loss, Raises Charge-Off View Wall Street Journal
Vandals In Mini-Vans Sack Capital One Barron's Blogs
all 162 news articles
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Creating an Outstanding Investment Banking Cover Letter to .
Creating an Outstanding Investment Banking Cover Letter to Accompany an Investment Banking Application In today's economic crisis, it may seem as though investment banking may not be the best career choice. However, nothing could be ...

Nomura Said to Cut 50 Investment Banking Jobs - DealBook Blog .
Japan's 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 ...

Townsend's RealTick(R) Execution Management System (EMS) Connects to Societe Generale Corporate & Investment Banking . (ITNews)
CHICAGO, April 22 /PRNewswire/ -- - Visit Townsend Analytics at TradeTech Europe, April 21-24, 2009, Stand # 66/67 - Societe Generale Corporate & Investment Banking, Stand # 48 Townsend Analytics (www.townsendanalytics.com), the leading provider of global multi-broker, cross-asset electronic trading solutions, has added Societe Generale to its international multi-broker network...

Wells Fargo to eliminate 150 investment banking jobs (The Charlotte Observer)
Wells Fargo & Co. plans to eliminate about 150 jobs in its investment banking and capital markets business as part of its acquisition of Wachovia Corp., a source familiar with the situation said today...

Lead QA Tester - Investment banking, Web (6 months contract-to-hire)
HedgeFundCareerNetwork features Hedge Fund Jobs in the Hedge Fund industry...

Merrills European Investment Banking Chief Aedy Joins Moelis (Bloomberg)
April 22 (Bloomberg) -- Merrill Lynch & Co.s former head of European investment banking, Mark Aedy, will join Moelis & Co., the advisory firm started by former UBS AG investment Kenneth Moelis...

Sumitomo Emerges as Top Candidate to Buy Nikko Cordial - Wall Street Journal

Reuters
Sumitomo Emerges as Top Candidate to Buy Nikko Cordial
Wall Street Journal
While Citigroup intends to keep its core investment banking operations in Japan, sources have said, it has included its banking businesses targeting smaller companies in the deal to sell Nikko Cordial. Mitsubishi UFJ was thought to be less enthusiastic .
SMFG in lead to buy Citigroup Japan assets-sources Forbes
all 69 news articles
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Dahlman Rose & Co. Appoints Elliott Etheredge as Head of Marine Transportation Investment Banking Group (PR Newswire via Yahoo! Finance)
Dahlman Rose & Company, LLC, announced today the appointment of Elliott Etheredge as Managing Director and head of the firm's Marine Transportation Investment Banking group. Mr...

Morgan Stanley May Spin Off Trading Unit, Abandon Tenant Of .
. one of its more high-flying trading units, Morgan Stanley and its chief executive, John Mack, are considering abandoning the tried-and-true model of investment banking that has evolved on Wall Street during the last two decades...

Predictions Of The Death Of Investment Banking May Be Premature .
Predictions Of The Death Of Investment Banking May Be Premature. Business News. Here'a an interesting excerpt from 'Chasing Alpha - How Reckless Growth & Unchecked Ambition Ruined The City's Golden Decade', by Philip Augar:...

Credit Suisse celebrates return of investment banking profits (Guardian Unlimited)
Credit Suisse is one of the first European banks to report first quarter earnings after a spate of US banks have pinpointed a substantial return to profitability on the back of federal government bailouts Credit Suisse today sent a signal of hope to Europe's banking sector by reporting a healthy net profit of Sfr2bn (1.17bn) in the first quarter after a substantial turnaround at its investment ...

Wells Fargo Said to Eliminate About 150 Jobs in Investment Bank (Bloomberg)
April 23 (Bloomberg) -- Wells Fargo & Co ., the fourth largest U.S. bank, is firing about 150 employees in its investment banking and capital markets unit, said a person familiar with the decision...

Wells Fargo to eliminate 150 investment banking jobs .
Wells Fargo & Co. plans to eliminate about 150 jobs in its investment banking and capital markets business as part of its acquisition of Wachovia Corp., a source familiar with the situation said today...

Troika Dialog appoints Investment Banking MD
The head of Investment Banking went on to say that the appointment underlined the firm's commitment to providing its clients with comprehensive coverage during the present lull in the market to bolster its leadership position. ...

Effective Measure For Business Sustainability Is Investment .
The system of investment banking is mainly characterized by the approach of finding the most profitable measure and pitting significant financial investment in their operation to gain profit alongside the growth of the targeted entity. ...

Commentary: The investment bank wants you to bank with them - MarketWatch

BBC News
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, .
Video: In-Depth Look - Morgan Stanley Losses - Bloomberg Bloomberg
Morgan Stanley suffers another loss CNNMoney.com
Morgan Stanley Posts Loss, Hurt by Revenue Drop and Write-Downs New York Times
Wall Street Journal - BBC News
all 1,233 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...



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