Top Investment Banking News for 05/06/2009



Wells Fargo says Charlotte layoffs reach 548 - CharlotteObserver.com

CBS News

Wells Fargo says Charlotte layoffs reach 548
CharlotteObserver.com, NC - Rick RothackerChristina Rexrode
Wachovia and crosstown rival Bank of America have been cutting Charlotte jobs since 2007, first in investment banking, then mortgages. In February, the city shed a brutal 2900 finance and insurance jobs EUR more than triple the size of any previous loss .
Banking stress tests preview The Daily Deal (subscription)
Wells Fargo says Charlotte layoffs reach 548 Trading Markets (press release)
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Dimon foresees possible rise in investment banking returns - Wealth Bulletin

Straits Times

Dimon foresees possible rise in investment banking returns
Wealth Bulletin, UK
Jamie Dimon, chairman and chief executive of JP Morgan Chase, said returns in investment banking are unlikely to fall, and could actually increase, despite lower leverage. Dimon said on a conference call: EURœLeverage will lower but we could give you as .
RPT-UPDATE 2-JPMorgan CEO sees more bank consolidation ahead Reuters
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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...

Can Barclays Sustain Profit Gains? - Wall Street Journal

Daily Mail

Can Barclays Sustain Profit Gains?
Wall Street Journal - Sara Schaefer MUƱOz
Recovery in other areas of investment banking, such as underwriting share issues and advising on mergers and acquisitions, is far off, and "will not help much this year," said Bruno Paulson, an analyst at Sanford Bernstein. .
Bank shares push London market to four-month high Scotsman
Stocks take off as sentiment turns positive towards banks The Herald
Markets: Banks help FTSE 100 soar Interactive Investor
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What Does Warren Buffett Like About Wells Fargo? - BNET

What Does Warren Buffett Like About Wells Fargo?
BNET, Ca - Daniel M. Harrison
They're both the Kings (believe it or not) in the spheres of commercial and investment banking, respectively. And they both EURœstick to the knitting.EUR That is, Goldman Sachs doesn't try to get involved in consumer finance EUR” unlike, for example, .
Buffett, Inflation And Gold 5/5/2009 istockAnalyst.com (press release)
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Banking Sector Made Profits Even At The Bottom Of The Great .
The resilience of EURœnormalEUR banking operations to a recession or even a depression strengthens the case for a separation of commercial and investment banking activities. The classic banking operations of deposit-taking and lending tend ...

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 ...

Fed Makes Suggestions to Banks After Stress Tests - Associated Content

Straits Times

Fed Makes Suggestions to Banks After Stress Tests
Associated Content, CO
They are suggesting that preferred stock be changed to common stock and government bank investment be turned into preferred. While this may make their own books work, it certainly won't make share holders happy. Tested banks include: Citigroup, .
Bank tests: Anxious wait Salt Lake Tribune
Citi capital needs seen manageable Washington Post
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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...

Boenning & Scattergood appoints investment banking MD
Ramp, who assumes the post of managing director, is to focus upon enhancing relationships in the energy/alternative energy and consumer sectors, as well as implementing investment banking transactions. ...

Investment Banking Video | Shreggs.com
Investment Banking Video. . Investment Banking Video. By admin EUR¢ May 3rd, 2009. Share and Enjoy: Digg · Sphinn · del.icio.us · Facebook · Mixx · Google · Comments(0) Video Archive. Leave a Comment. Name (required) ...

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...

Hedge Fund News: Hedge Fund Citadel's Investment Banking Division .
Todd Kaplan joined Citadel in March, he will assume the role of Head of Investment Banking for Citadel Securities. Brian Maier joins as Head of Industry Groups and Carl Mayer joins as Head of Leveraged Finance. ...

Zalemark Appoints Ta as Company VP - Diamonds.net

Zalemark Appoints Ta as Company VP
Diamonds.net, NY - Jeff Miller
Zalemark appointed Jenny Ta, principal of investment banking and consulting firm JC Concorde Securities, as a vice president. Ta will be handling a comprehensive shareholder and external communications program for the jewelry brand, and will introduce .
Zalemark Holding Company Inc. Announces New Team Member Jenny Ta SYS-CON Media (press release)
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S3 Investment Company Announces Redwood Capital Agreement With China Pharmaceutical Company for $12 Million Raise (Marketwire via Yahoo! Finance)
S3 Investment Company, Inc. today announced that its wholly owned subsidiary, Redwood Capital, Inc., has signed a merchant banking advisory agreement with a pharmaceutical company based in China, the purpose of which is to raise the company US$12 million for expansion...

S3 Investment Company Announces Redwood Capital Agreement With China Pharmaceutical Company for $12 Million Raise (Marketwire)
DANVILLE, CA--(Marketwire - May 5, 2009) - S3 Investment Company, Inc. ( PINKSHEETS : SIVC ) today announced that its wholly owned subsidiary, Redwood Capital, Inc., has signed a merchant banking advisory agreement with a pharmaceutical company based in China, the purpose of which is to raise the company US$12 million for expansion. The Redwood Capital client is currently listed in the U.S. ...

Elephant Talk Announces Investment Banking Agreement with Dawson James Securities (PR Newswire via Yahoo! Finance)
Elephant Talk Communications, Inc. , an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, today announced that it entered into an agreement with Dawson James Securities to provide investment banking services to the company...

Duff & Phelps Q1 adj profit misses Street view - Reuters

Duff & Phelps Q1 adj profit misses Street view
Reuters
N: Quote, Profile, Research) posted a first-quarter adjusted profit that missed analysts' estimates as investment banking revenue slumped 29 percent. Separately, the company said it plans to sell 8.9 million of its common shares and use the net .
Duff & Phelps Corp. Q1 2009 Earnings Call Transcript Seeking Alpha
Duff & Phelps Reports First Quarter 2009 Financial Results Trading Markets (press release)
Duff & Phelps Announces Common Stock Offering of 8.9 Million Shares Stockhouse
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EARNINGS PREVIEW: French Fincl Svcs Cos' 1Q Seen Steadier - Wall Street Journal

EARNINGS PREVIEW: French Fincl Svcs Cos' 1Q Seen Steadier
Wall Street Journal - Jethro Mullen
That said, French retail banking "should provide more defensiveness than most other European countries," Deutsche Bank notes. MARKET EXPECTATIONS: An improvement is expected at BNP Paribas' corporate and investment bank division after the red ink it .
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Citadel Group Enters Investment Banking (TheStreet.com)
Citadel Group, the giant Chicago-based hedge fund, announced the launch of its investment banking division Friday...

Investment Banking Takes Hit at UBS (TheStreet.com)
The Swiss bank reported a first-quarter loss of 1.98 billion Swiss francs ($1.75 billion) primarily from losses suffered at its investment bank...

Hedge Fund Citadel's Investment Banking Division Launch - HedgeCo.net

Hedge Fund Citadel's Investment Banking Division Launch
HedgeCo.net, FL
West Palm Beach (HedgeCo.net) - Citadel Securities has added three former Merrill Lynch and Goldman Sachs senior investment bankers to the hedge fund company, at the same time launching Citadels Investment Banking division. Todd Kaplan joined Citadel .
Citadel expands into investment banking-source Alibaba News Channel
Hedge fund Citadel launches investment banking unit Pensions & Investments
Chef salaries on decline; Citadel moves into investment banking Crain's New York Business
FINalternatives - RTT News
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Petra Financial integrates Sterci Steform into m-banking products (Finextra)
Petra Financial today announces the integration of Steform into the Petra suite of mobile banking and payments automation products to strengthen and ...

Investment Banking Interview Prep: Must Read: Investment Banking .
I just got my copy of Investment Banking: Valuation, Leveraged Buyouts, and M&A. For anybody and everybody trying to break into investment banking: this is a must read!!! Joshua Rosenbaum and Joshua Pearl, two seasoned bankers, ...

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...

Vocalink receives 60m investment (Financial Times)
Vocalink, the European payment transaction specialist, has received an investment of 60m in equity capital from its shareholders. The payments company is owned by 12 UK banks including Lloyds , Royal Bank of Scotland and Barclays and 90 per cent of the banks that are shareholders agreed to inject capital, which will help VocaLink develop new products and services and expand in Europe...

UBS Sale of Brazil Unit Boosts Capital After Loss; Shares Rise - Bloomberg

Telegraph.co.uk

UBS Sale of Brazil Unit Boosts Capital After Loss; Shares Rise
Bloomberg - Elena Logutenkova
UBS aims to reduce the workforce by about 4000 from year- end levels at the wealth management and Swiss bank division, by 2500 at each the investment banking and wealth management Americas units, and by about 500 each in asset management and in the .
Fee income at UBS under pressure FinanceAsia
UBS gets nasty with its private bankers eFinancialCareers UK
UBS's wealth management to bear brunt of job cuts Telegraph.co.uk
CNN International - Times Online
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Investment Banking Analyst: Matching Investment Interest with .
free tips to improve your credit score. Learn how to boost your credit score yourself...

info4beer: Investment Banking explained.
Investment Banking explained. Young Chuck moved to Texas and bought a donkey from a farmer for $100. The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said, "Sorry Chuck, but I have some bad ...

Fitch affirms Al Rajhi Banking and Investment Corporation at 'A+'/ 'F1'; outlook stable (AME Info)
Fitch Ratings has today affirmed Saudi Arabia-based Al Rajhi Banking and Investment Corporation's (Al Rajhi) Long-term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook, its Short-term IDR at 'F1', Individual Rating at 'B/C' and Support Rating at '1'...



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