Top Investment Banking News for 05/02/2009



Evercore says buying Bank of America unit - Reuters

Evercore says buying Bank of America unit
Reuters
N: Quote, Profile, Research) special fiduciary services division and establishing a new trust bank to expand its investment management business. The investment banking boutique said it will establish Evercore Trust Co on May 1. The trust bank will have .
Evercore Partners Establishes Evercore Trust Company to Extend . PR Newswire (press release)
Evercore to acquire Bank of America division Trading Markets (press release)
all 28 news articles
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Why Investment Banking? | WallStreetOasis.com
Honestly i really cannot see the appeal in this field. Lets say you do make it through the ropes of finance, you work your ass off for 20 years, retire at around 40, but then what? Go to your vacation home in the Caribbean and just sit ...

Citadel Group Enters Investment Banking (TheStreet.com)
Citadel Group, the giant Chicago-based hedge fund, announced the launch of its investment banking division Friday...

SEC charges former Citi banker with insider trading - Reuters

SEC charges former Citi banker with insider trading
Reuters
The SEC alleges that Maher Kara, a former director in Citigroup Global Markets' investment banking division in New York, repeatedly told his brother Michael Kara about upcoming deals in the healthcare industry from at least April 2004 through April .
Ex-Citigroup Banker Indicted In Insider-Trading Scheme Wall Street Journal
SEC Charges Wall Street Investment Banker and Seven Others in . Lawfuel (press release)
SEC Charges Banker with Insider Trading Markets Media News
Courthouse News Service - Pleasanton Weekly
all 76 news articles
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Time To Bring Back Investment Banking | BNET Financial Services .
BNET Financial Services provides daily industry news coverage and insights for managers and executives about the major companies in the financial sector...

Associate FIG Investment Banking Analyst | Nurse Jobs London
Credit Research Analyst for London BrokerageA leading London brokerage house is looking to appoint a credit research candidate to work on its newly established...

U.K. studies spliting investment, retail banking (Market Watch)
LONDON (MarketWatch) -- U.K.'s Treasury Committee on Friday released a report in which it said the potential separation of retail banking operations from investment banking functions is an issue that requires further debate. The committee referred to comments made by Mervyn King, the Governor of the Bank of England, that he views a separation of retail from investment banking functions as "very ...

Citadel Securities Establishes Investment Banking Group with Appointment of Three Senior Investment Bankers (Business Wire via Yahoo! Finance)
CHICAGO & NEW YORK----Citadel Securities announced today that three senior investment bankers have joined the firm marking the launch of its Investment Banking division. Todd Kaplan, who joined Citadel in March, will assume the role of Head of Investment Banking for Citadel Securities, reporting to Rohit D'Souza, CEO of Citadel Securities...

It Depends on Meaning of Usury as US Credit Cards Average 14% - Bloomberg

ABC News

It Depends on Meaning of Usury as US Credit Cards Average 14%
Bloomberg - Lisa Kassenaar
EURBanks in the industry are just trying to protect those assets.EUR Credit cards became a cornerstone of US banking in recent years, offering steady income to counter volatility in trading and investment banking. JPMorgan Chase & Co. .
Capping Credit Card Rates: How Usury Undermines Democracy & Capitalism CafeSentido.com
Credit Cards: Where's The Protection? istockAnalyst.com (press release)
all 1,332 news articles
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SMFG: Agree To Buy Nikko Cordial Securities From Citigroup - Wall Street Journal

Straits Times

SMFG: Agree To Buy Nikko Cordial Securities From Citigroup
Wall Street Journal
SMFG, Japan's third largest bank by assets, will buy retail brokerage Nikko Cordial Securities and some operations of wholesale investment bank Nikko Citigroup for about Y545 billion. Citi also said in a statement that the total cash value of the .
Two Years After Buy, Paul Weiss Helps Citi Unload Nikko Cordial The Am Law Daily
Citi sells Nikko Cordial The Daily Deal (subscription)
Citi to sell Japan units for $7.9 bn: report Business Standard
Forbes - Trading Markets (press release)
all 338 news articles
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Sumitomo Mitsui Financial Group reportedly plans to buy Citigroup`s Japanese broker and key investment banking units . (India Infoline)
Sumitomo Mitsui Financial Group reportedly plans to buy Citigroup's Japanese broker and key investment banking units for US$5.9bn and also plans to form a financial services powerhouse through an alliance with Daiwa Securities Group...

Middle East slump in investment banking (Financial Times)
Investment banking revenue in the Middle East slumped 45 per cent to $103m in the first three months of the year, as the global financial crisis and a slowing trickle of petrodollars took its toll on Gulf states...

Hedge fund Citadel launches investment banking unit (Crain's Chicago Business)
(Crains) EUR Citadel Group, Chicagos biggest hedge fund, is entering the investment banking business, hiring three former Merrill Lynch executives to spearhead the effort. Todd Kaplan, who joined Citadel in March, will run the unit, reporting to Citadel Securities CEO Rohit DSouza. ...

Natixis Sees Fresh Write-Downs As Hldrs Vent Rage - Wall Street Journal

Natixis Sees Fresh Write-Downs As Hldrs Vent Rage
Wall Street Journal - Jethro Mullen
"We understand your bitterness and your anger," Jean-Marc Moriani, the head of Natixis' corporate and investment banking division, said in a speech at the AGM. Natixis was created by rival mutual banks Caisse d'Epargne and Banque Populaire in 2006, .
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Citadel expands into investment banking-source - guardian.co.uk

Crain's Chicago Business

Citadel expands into investment banking-source
guardian.co.uk, UK - Clare BaldwinEdwin Chan
By Clare Baldwin SAN FRANCISCO, April 30 (Reuters) - Citadel Investment Group is expanding into investment banking and has hired three former Merrill Lynch executives to anchor the new operation, a source with knowledge of the matter said on Thursday. .
Citadel Is Now an Investment Bank, Too New York Times Blogs
Citadel Poaches Investment Banker From Merrill Lynch (BAC) The Business Insider
Citadel plans investment banking foray Private Equity News
Reuters - Financial News (subscription)
all 39 news articles
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NH banking dept. sues former investment company (Boston Globe)
New Hampshire's banking commissioner is suing the officers and directors of a former investment company accused of losing $15 million of their clients' money...

Citadel Group Enters Investment Banking (TheStreet.com) | Scarlet .
Citadel Group, the giant Chicago-based hedge fund, announced the launch of its investment banking division Friday. Final Glance: Investment Banks companies (AP via Yahoo! Finance) Shares of some top investment banks companies were mixed ...

Hedge fund Citadel launches investment banking unit | Crain's .
(Crain's) EUR Citadel Group, Chicago's biggest hedge fund, is entering the investment banking business, hiring three former Merrill Lynch executives to spearhead the effort. Todd Kaplan, who joined Citadel in March, will run the unit, ...

Deutsche Bank Hires Another Merrill Investment-Banking Veteran (Bloomberg)
May 1 (Bloomberg) -- Deutsche Bank AG hired Paul Wetzel from Bank of America Corp. , the latest Merrill Lynch & Co. veteran investment banker to be lured away since its takeover by the Charlotte, North Carolina-based lender...

NYQ:BAC:Deutsche Bank Hires Another Merrill Investment-Banking Veteran
NYQ:BAC:Deutsche Bank Hires Another Merrill Investment-Banking Veteran stocks 07:54 Deutsche Bank AG hired Paul Wetzel from Bank of America Corp. (NYQ:BAC), the latest Merrill Lynch & Co. veteran investment banker to be lured away since ...

John At The Center Citadel Moves Into Investment Banking - WSJ.com
s Todd Kaplan, a leveraged finance specialist. The firm is expected to make the announcement in the next few days, according to a person familiar with matter. via Citadel Moves Into Investment Banking - WSJ.com. ...

Chuck Norris, investment banker - Reuters

Chuck Norris, investment banker
Reuters - Felix Salmon
Chuck Norris ruptures banks. # Source of hedge fund survivorship bias?: Funds that pay Chuck Norris 2 and 20 survive; others don't. # Private equity: Chuck Norris does not believe in leverage. Chuck Norris believes in crowbars. # Investment banking: .
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Money Morning's Bank Stress Test Says These Three Banks Are the . - Money Morning

guardian.co.uk

Money Morning's Bank Stress Test Says These Three Banks Are the .
Money Morning - Martin Hutchinson
Of the healthier banks, I like JPMorgan Chase, because it is still trading at less than book value, even though the investment banking part of its business is intrinsically unattractive. PNC, at just above book value, is also probably worth looking at; .
Video: Money Minute: Banks, GM, Gas Tax The Associated Press
If Banks Are Too Big to Fail, Take an Ax to Them Bloomberg
Stressed Over The Tests Forbes
Barron's Blogs - 24/7 Wall St.
all 1,402 news articles
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Bank of America's Lewis Must Still Calm Shareholders - Bloomberg

Times Online

Bank of America's Lewis Must Still Calm Shareholders
Bloomberg - David MildenbergLinda Shen
Lewis remains the best person to run Bank of America because of his 40-year track record, Hugh mccoll Jr., his predecessor as CEO, said yesterday in a Bloomberg TV interview. Brian Moynihan, head of investment banking and wealth management, .
Video: BofA's Lewis Loses Chairman's Job - Bloomberg Bloomberg
For bofa's Lewis, Merrill was 1 deal too many The Associated Press
With Lewis out as bofa chair, is CEO job at risk? Seattle Times
Bizjournals.com - Boston Globe
all 1,651 news articles
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Citadel Expands into Investment Banking - Financials * US * News .
Citadel Investment Group is expanding into investment banking and has hired three former Merrill Lynch executives to anchor the new operation, a source with knowledge of the matter said on Thursday...

Senior Tibco Designer/Developer EUR Investment Banking : IT PROJECT
Our investment banking client is looking for a senior TIBCO rules designer/developer, ensuring on-time delivery of quality design and code. The role will involve working on definition and delivery of business rules and services using ...

UBS investment banking chief steps down - MarketWatch
LONDON (MarketWatch) -- Swiss bank UBS said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, ...

Deutsche Bank Hires Another Merrill Investment-Banking Veteran - Bloomberg

Deutsche Bank Hires Another Merrill Investment-Banking Veteran
Bloomberg - Zachary R. Mider
By Zachary R. Mider May 1 (Bloomberg) -- Deutsche Bank AG hired Paul Wetzel from Bank of America Corp., the latest Merrill Lynch & Co. veteran investment banker to be lured away since its takeover by the Charlotte, North Carolina-based lender. .
Southeast Bank revival delayed MiamiHerald.com
all 54 news articles
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Citadel expands into investment banking (Chicago Tribune)
Citadel Investment Group is preparing to expand into investment banking as the Chicago-based hedge fund tries to rebound from last year's massive losses...

Citadel Starts Banking Unit, Hires Three From Merrill (Update2) (Bloomberg)
April 30 (Bloomberg) -- Citadel Investment Group LLC, following losses by its hedge funds last year, plans to expand into investment banking and has hired three former Merrill Lynch & Co. executives to staff the unit...



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