Top Investment Banking News for 05/14/2009



peHUB How a Changing Investment Banking Industry Will Finance .
Private Equity Hub (peHub) is an interactive forum for the private equity community, which includes venture capitalists, buyouts professionals, attorneys, bankers, entrepreneurs, MBA candidates studying PE, and assorted hangers-on...

Kuwaiti Global investment posts narrower loss (AFP via Yahoo! News)
Global Investment House, a leading Kuwaiti investment firm, on Thursday said its net loss narrowed to 69.5 million dinars (240 million dollars) from a loss of 1.16 billion dollars in the previous three months...

General Automotive Company Engages Investment Banker Jesup & Lamont - Market Wire (press release)

General Automotive Company Engages Investment Banker Jesup & Lamont
Market Wire (press release)
"Jesup & Lamont is one of Wall Street's oldest investment banks and has a solid track record of helping emerging growth companies with their capital requirements. We look forward to working closely with them on our capital formation plan. .
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Barclays Appoints Vitalo as CEO for Mideast Investment Banking (Bloomberg)
May 12 (Bloomberg) -- Barclays Plc, the U.K.s third- largest bank, appointed John Vitalo as chief executive officer of investment banking and investment management for the Middle East...

(IT) Technology Auditor - Investment Banking Technology Audit .
IT Jobs & Careers writes. Location: New York, NY Technology Auditor - Investment Banking Technology Audit Technology Auditor -..

GMP profit drops 66% in investment banking slump
GMP Capital Trust, Canada's second-biggest independent brokerage, said first-quarter profit fell 66%..

GMP profit drops 66% in investment banking slump (National Post)
GMP Capital Trust, Canadas second-biggest independent brokerage, said first-quarter profit fell 66% on a slowdown in investment-banking transactions...

Thomas Weisel Partners Group, Inc. Announces Additions to Its Investment Banking Platform in Energy and Technology (Marketwire)
SAN FRANCISCO, CALIFORNIA--(Marketwire - May 11, 2009) - Thomas Weisel Partners Group, Inc. (NASDAQ:TWPG), a global growth-focused investment bank, today announced that Terris Chorney and Simon Russell joined the firm as Managing Directors in Investment Banking. Mr. Chorney will focus on the Energy practice and will be based in the firm's Calgary office and Mr. Russell will focus on continuing ...

Hedge Funds Review - Citadel poised to enter investment banking
Todd Kaplan, who joined Citadel in March, has been confirmed as the head of investment banking at Citadel Securities, a division of Chicago-headquartered Citadel Group. He joins from Merrill Lynch where he held a number of senior ...

Investment Banker to Run City Housing Authority - New York Times

NY1
Investment Banker to Run City Housing Authority
New York Times, United States
Of Mr. Rhea, she said, EURAll I see is a Wall Street person with an investment banking background and with no experience in housing management or development.EUR A spokeswoman for the mayor defended the selection and said input from several council members .
Mayor Bloomberg Appoints John B. Rhea As Chairman of the New York . New York RealEstateRama
all 8 news articles
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Laid-Off Investment Banker Fights Back - PR Newswire (press release)

Laid-Off Investment Banker Fights Back
PR Newswire (press release), NY
"Every person with a desire to break into the financial field or just hone their skills should frequent this site," says Tracy Williams , a retired managing director from a major investment bank. BankingorBust continues to be helpful to many students .
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Bursa plans to introduce more investment options (The Malaysian Insider)
KUALA LUMPUR, May 14 EUR Bursa Malaysia is looking at widening investment options for investors by introducing a broader range of products that cater for a variety of market conditions, said chairman Tun Mohamed Dzaiddin Abdullah today. EURTo spur greater liquidity, we are banking on structured products that have a multiplier effect on the underlying securities,EUR he said at the Malaysian Institute ...

Dexia Profit Falls Less Than Estimated on Retail Banking Gains (Bloomberg)
May 13 (Bloomberg) -- Dexia SA , the worlds largest lender to local governments, reported a smaller-than-estimated drop in first-quarter profit as wider margins on new loans and improved earnings in retail banking cushioned investment losses...

HSBC Profit Rises, Investment Banking Strong - Financials * Europe .
HSBC Holdings, Europe's biggest bank, said first-quarter profits were "well ahead" of last year, swelled by record results in its investment bank, but would have been down without accounting gains on its debt...

Merriman Curhan Ford Promotes John W. Chambers to Head of Investment Banking (Business Wire via Yahoo! Finance)
SAN FRANCISCO----Merriman Curhan Ford Group, Inc. today announced that John Chambers, head of Health Care investment banking, has assumed the role as head of its investment banking group...

Barclays to Expand Into Asian, European M&A, Equities - Bloomberg

Barclays to Expand Into Asian, European M&A, Equities
Bloomberg
EURBarclays made a quantum leap in their investment banking opportunities with a relatively modest capital exposure,EUR said Peter Hahn, a former managing director of Citigroup Inc. and now a fellow at London's Cass Business School. The investment bank has .
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Merriman Curhan Ford appoints head of investment banking
Chambers is promoted from his post as head of Health Care investment banking and succeeds Brock Ganeles, who himself has been promoted to become president of the brokerage division. Jon Merriman, chief executive officer, ...

Credit Suisse launches private banking in Japan
Credit Suisse employs an integrated approach towards Private Banking, Investment Banking and Asset Management across the world, in an effort to provide clients with a more rounded offering. Last month the bank expanded its Taiwan ...

MDBS Pledge US$15 Billion to Promote Trade and Strengthen . - AllAfrica.com

MDBS Pledge US$15 Billion to Promote Trade and Strengthen .
AllAfrica.com, Washington
The African Development Bank is fully committed to this process and will spare no effort for its successful implementation," Mr. Kaberuka added. For his part, the European Investment Bank President, Philippe Maystadt, said the joint support had become .
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Global Investment of Kuwait Posts First-Quarter Loss (Update1) (Bloomberg)
May 14 (Bloomberg) -- Global Investment House KSCC , Kuwaits biggest investment bank by assets, posted a first- quarter loss as the value of its investments fell and because of asset writedowns at associate companies...

Investment-Banking Arm Gives HSBC a Lift - Deal Journal - WSJ
The trend of solid investment-banking operations continued at HSBC Holding, as the UK bank reported a record pretax first quarter profit in part on the back of its foreign-exchange and interest-rate-trading operations...

CORRECT:BofA Merrill Lynch Asia M&A Head Leaving-Sources - CNNMoney.com

CORRECT:BofA Merrill Lynch Asia M&A Head Leaving-Sources
CNNMoney.com
The chairman of its China investment banking business, Margaret Ren , left earlier this month after two years with the bank, though the reason for the departure is not known. Bank of America has been scrambling to raise funds in recent months. .
BofA Merrill Lynch exodus The Daily Deal (subscription)
$400 Billion Asia Deal Maker to Depart Merrill Wall Street Journal Blogs
Pressure is increasing on Bank of America's Lewis MiamiHerald.com
Reuters - The Daily Deal (subscription)
all 64 news articles
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The rich get richer on Wall Street - CNNMoney.com

The rich get richer on Wall Street
CNNMoney.com
But even if the underwriting deals promise to help second-quarter profits for big financial firms somewhat, the investment banking business remains deeply depressed compared to the wheeling and dealing of the bubble years. At Goldman, for instance, .
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peHUB Latest Oak Investment Partners Fund Aims For June Close
Investment banking is going through its most severe dislocation since the Great Depression. The economic turmoil during the 1930s led to the Glass-Steagall Act, which separated investment banks from commercial banks and also introduced ...

BofA sells $7.3B stake in China Construction Bank - The Associated Press

Boston Globe
BofA sells $7.3B stake in China Construction Bank
The Associated Press
Buyers of BofA's stake included China Life Insurance and its affiliates, as well as an unidentified foreign fund and BOCI Asia, an investment banking arm of the Bank of China. Bank of America officials have also said they are considering sales of the .
Video: Bank Of America's Windfall - Bloomberg Bloomberg
Bank of America sells CCB shares in private deal FinanceAsia
That mysterious BofA/CCB stake sale FT Alphaville
BankInvestmentConsultant.com - Trading Markets (press release)
all 423 news articles
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Credit Suisse Chief Dougan Owes Interest to Ex-Wife, Court Says - Bloomberg

Credit Suisse Chief Dougan Owes Interest to Ex-Wife, Court Says
Bloomberg
He worked in the investment banking department and later for the nascent derivatives unit. He moved to London and then to Tokyo, where he built the firm's bond underwriting division from scratch at the age of 24. He joined Zurich-based Credit Suisse in .
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Barclays Names John Vitalo Mideast CEO Investment Banking - Wall Street Journal

Eye of Dubai (press release)
Barclays Names John Vitalo Mideast CEO Investment Banking
Wall Street Journal
DUBAI (Zawya Dow Jones)--Barclays Plc (BCS) named on Tuesday John Vitalo as its new chief executive for investment banking in the Middle East in an effort to tap more business from the region's oil-rich sovereign wealth funds. .
MOVES-Barclays, Octopus Ventures Reuters
Barclays Appoints John Vitalo As CEO of IBIM for Middle East American Chronicle
Barclays Reorganizes Middle East Operations Wall Street Journal
all 18 news articles
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VTB Capital, the investment banking arm of Russias state-controlled VTB Bank, has put hiring back on the agenda, . (eFinancial News)
VTB Capital, the investment banking arm of Russias state-controlled VTB Bank, has put hiring back on the agenda, recruiting two senior sales executives from Deutsche Bank and Goldman Sachs after putting in place a recruitment freeze last year...

Thomas Weisel Partners Group, Inc. Announces Additions to Its Investment Banking Platform in Energy and Technology (Marketwire via Yahoo! Finance)
Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), a global growth-focused investment bank, today announced that Terris Chorney and Simon Russell joined the firm as Managing Directors in Investment Banking. Mr...

Investment Banker Pay Squeezed As Fees Slump | VCCircle
And to top it up, Indian firms are very tight with their fees," said Chaitanya Kumar, an ex-Lehman Brothers banker and founder of The School of Investment Banking in Mumbai. In the first quarter, India investment banking fees came to a ...



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