Top Investment Banking News for 05/07/2009



BNP Paribas Q1 profit plunges 21%
BNP Paribas' investment banking arm, the biggest and most profitable division during the quarter, posted a massive jump in revenue thanks to what the company deemed "unprecedented volumes" in its fixed-income business. ...

Investment Banking (IB) ETRADING SECURITIES, PT | Lowongan Kerja .
Investment Banking (IB) Responsibilities : * Reporting to: Director * Subordinates: Analyst & Associates * Leading the execution of investment project which includes due diligence, coordination with project advisors (accountants, ...

Gold Trades Little Changed in Asia as Investment Demand Fades (Bloomberg)
May 7 (Bloomberg) -- Gold traded little changed in Asia as investment demand faltered after gains in equities dimmed demand for the precious metal as an alternative investment...

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
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
Toronto Star - CNN International
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SABB, Al-Rajhi Banking obtain strong ratings (Zawya)
06 May 2009 JEDDAH - The Saudi British Bank (SABB) and Al-Rajhi Banking and Investment Corporation received separate high credit ratings from two international rating agencies on Tuesday...

Wealth-Ed.com - Dialogue on Global Markets, Investment Ideas and .
Rather, it was the unregulated Shadow Banking System, administered by the investment banking industry, and run through mortgage brokers with Fannie and Freddie approval, that caused the disaster. As for Freddie / Fannie complicity in ...

New Citigroup team to manage big-client relations - Reuters

New Citigroup team to manage big-client relations
Reuters
The new team, known as the senior strategic advisory group, will be coordinated by Leon Kalvaria, global head of consumer and healthcare investment banking. The group will initially consist of five bankers who will manage Citigroup's relationships with .
Citigroup OK for now, may still face trouble Reuters
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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, ...

Financial News: BNP Performance Pay Up On Fixed Income Gains - Wall Street Journal

RTE.ie

Financial News: BNP Performance Pay Up On Fixed Income Gains
Wall Street Journal
FR) capital markets staff in the first quarter as unprecedented fixed income revenues and an equities and advisory recovery drove a fourfold jump in pre-tax profits from corporate and investment banking compared with the same period last year. .
BNP Paribas 1Q profit drops 21 percent Forbes
STOCKS NEWS EUROPE-BNP surges after strong earnings Reuters UK
BNP Paribas beats analyst forecasts Business Day
Financial Times - Reuters
all 215 news articles
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As Stress Tests Are Revealed, Markets Sense a Turning Point - New York Times

ABC News

As Stress Tests Are Revealed, Markets Sense a Turning Point
New York Times, United States
As a result, the government would become a significant shareholder in a number of banks besides Citigroup. But under that assumption, no new taxpayer money would go to the banks. The government would merely exchange one investment, its preferred stock, .
Wells to lay off 548 in uptown CharlotteObserver.com
Wells Fargo Said to Need $15 Billion in New Capital Bloomberg
Wells Fargo freezes pension plan, cuts 548 jobs Reuters
Washington Times - Scoop.co.nz (press release)
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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 ...

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...

UPDATE: US Senate Passes Broad Banking, Housing Bill (Nasdaq)
WASHINGTON -(Dow Jones)- Popular legislation to bolster the banking system and revamp federal mortgage programs passed the U.S. Senate handily Wednesday by a vote of 91-to-5...

China Investment Corp. may buy B. of A.'s CCB shares: report - MarketWatch

Reuters

China Investment Corp. may buy B. of A.'s CCB shares: report
MarketWatch
It said Bank of China Ltd. (3988.HK) and Singapore's state-owned investment firm Temasek Holdings Pte. Ltd. may also buy some of the shares. BOC International Holdings Ltd., Bank of China's investment banking unit, will be the arranger of the share .
PRESS DIGEST - China - May 7 Reuters
Bank of America to sell stake in China Construction Bank Times Online
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Islamic banking less risky « Bangladesh Economic News
Since then, he has been responsible for the strategic build-up of a global Islamic banking business covering retail, corporate and investment banking with a wider product capabilities and award winning solutions. ...

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. ...

US Stocks Gain as Banks Surge, Jobs Report Beats Estimates - Bloomberg

Straits Times

US Stocks Gain as Banks Surge, Jobs Report Beats Estimates
Bloomberg
US stocks may continue their two-month rally as investor appetite for risk returns, Richard Bernstein, the former chief investment strategist at Bank of America, said in a Bloomberg Radio interview. He said he's still looking for signs of an economic .
GLOBAL MARKETS: European Stocks Pause Ahead Of Key Bank Tests Wall Street Journal
Asian Shares End Mostly Higher; Boosted By Upbeat Bank Earns Wall Street Journal
Bank of America, Citigroup, GMAC Need More Capital Bloomberg
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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'...

Cathay Financial Plans China Investment,Bank Branches - Wall Street Journal

Straits Times

Cathay Financial Plans China Investment,Bank Branches
Wall Street Journal
(Adds investment plans in China, cash injection plan, insurance expansion target and first-quarter results.) By Jessie Ho Of DOW JONES NEWSWIRES TAIPEI (Dow Jones)--Taiwan's Cathay Financial Holding Co. (2882.TW) plans to set up bank branches in China .
Taiwan stocks end at 8-mth high on China hopes Economic Times
ANALYSIS-China ties giving shot in the arm to Taiwan dollar Alibaba News Channel
Taiwan stocks hit 7-1/2-mth high on China hopes Alibaba News Channel
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Investment Banking Video | Shreggs.com
Investment Banking Video. . Investment Banking Video. By admin EURą May 3rd, 2009. Share and Enjoy: Digg · Sphinn · del.icio.us · Facebook · Mixx · Google · Comments(0) Video Archive. Leave a Comment. Name (required) ...

Nikkei hits 6-month high as US financial fears fade - Reuters

Straits Times

Nikkei hits 6-month high as US financial fears fade
Reuters
3 bank said it will buy Citigroup's (CN) Japanese broker and key investment banking units for $5.9 billion and look to form a financial services powerhouse through an alliance with Daiwa Securities Group (8601.T). [ID:nBNG446757] Mizuho Financial Group .
Alps, Daiichi Sankyo, DIC, Nissan, Orix: Japan Equity Preview Bloomberg
Nikkei set to gain on US bank optimism, Wall St Reuters
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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...

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...

Goldman Sachs Upgrades US Banking Sector Debt (Fox News)
Goldman Sachs Upgrades US Banking Sector Debt..

China Investment Corp. may buy B. of A.'s CCB shares: report (Market Watch)
HONG KONG (MarketWatch) -- Bank of America Corp. (BAC) plans to sell part of its stake in China Construction Bank Corp. (0939.HK), and China's US$200 billion sovereign wealth fund, China Investment Corp., has agreed to buy most of the shares, Mingpao reported Thursday, citing unnamed sources...

BNP Paribas Profit Beats Estimates on Investment Bank Rebound (Bloomberg)
May 6 (Bloomberg) -- BNP Paribas SA , Frances largest bank, posted first-quarter earnings that beat analysts estimates as a rebound at the investment bank cushioned a surge in loan losses...

Duo charged over CDS insider trading - Structured Credit Investor (subscription)

Duo charged over CDS insider trading
Structured Credit Investor (subscription), UK
He will report to Nick Pappas and Ray Costa, co-heads of investment grade, high yield and distressed debt trading for the US. Fischer will join the bank from Barclays, which acquired Lehman Brothers' North American investment banking, sales and trading .
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EU lawmakers back new banking rules (AP via Yahoo! Finance)
European Union lawmakers backed new banking rules Tuesday that would require sellers of repackaged debt to hang on to part of the investment and share the risk...

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...

Citigroup & MetLife Get Left Behind In Market Rally - BNET

ABC News

Citigroup & MetLife Get Left Behind In Market Rally
BNET, Ca
In a similar sense, Citigroup is a both an investment and commercial bank, providing deposit and investment banking activities in pretty much equal portions. In fact, Citigroup was one of the first commercial banks to branch out into investment banking .
Banks Shake Off Stress-Test Worries Forbes
Citigroup May Seek Capital That Averts US Control Bloomberg
Bank tests: Anxious wait Salt Lake Tribune
USA Today - Reuters
all 1,382 news articles
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