Top Investment Banking News for 05/16/2009



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, ...

bofa Merrill Lynch Names New Asia,Australia M&A Heads - Wall Street Journal

Telegraph.co.uk
bofa Merrill Lynch Names New Asia,Australia M&A Heads
Wall Street Journal
Star China banker Margaret Ren resigned as chairman of investment banking business in China earlier this week. The appointments also come at a time when Bank of America Merrill Lynch has slipped to sixth place on the M&A league table for Asia Pacific, .
bofa Merrill Lynch exodus The Daily Deal (subscription)
More top execs depart Bank of America-Merrill Lynch FinanceAsia
CORRECT:BofA Merrill Lynch Asia M&A Head Leaving-Sources CNNMoney.com
Bloomberg - The Daily Deal (subscription)
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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...

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
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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 ...

Marsh on Monday: The investment banking dream is gone - MarketWatch
The French wish to own a restaurant, the Swiss aim to be hoteliers, the Italians aspire to engineering, the British youth dreams of going into investment banking. Glamour galore! Slaving day and night in a gleaming, lavishly-equipped, ...

Core Java Developer + Investment Banking : ABC Project
NY-New York City, Investment Location - New York City Contract - 12 months Must Have - CORE JAVA and Investment Banking Experience Some ETL or Integration experience is required. 4-6 years of experience implementing medium to large ...

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...

Investment banker pay squeezed as fees slump - Reuters India

Straits Times
Investment banker pay squeezed as fees slump
Reuters India, India
The downturn has widened the already large gap between investment banking costs and fees in India. Competition for deals is fierce and companies are not willing to pay the 3 to 4 percent commissions common in Hong Kong or Singapore. .
jpmorgan's China Chairman Charles Li Said to Quit After 6 Years Bloomberg
Lee urges exit at 20000 The Standard
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SunTrust reeling from real estate boom risks - Atlanta Journal Constitution

TopNews United States
SunTrust reeling from real estate boom risks
Atlanta Journal Constitution,  USA
. we should expect progress in the next one to three quarters.EUR The AJC interviewed bank analysts, institutional investment managers and SunTrust executives. The AJC also reviewed SunTrust's lending data on the Federal Deposit Insurance Corp.'s Web site.
SunTrust Outlines Framework of Capital Plan; Announces Plans to . PR Newswire (press release)
SunTrust to sell $1.25B in stock, cut its dividend Forbes
Bank pushes revival mode Atlanta Journal Constitution
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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...

Investment Banking Boosts HSBC Figures : Euro Weather Station
Record profits from investment banking helped HSBC to a resilient first quarter, despite rising bad debts in other parts of the bank. In a trading statement, it is indicated that the Global Banking and Markets division jsut had its best ...

Will investment banks disappear completely? Is the industry on the .
If you're hoping to make millions of dollars as a 25-year old, investment banking is a poor choice for right now. There's too much regulation, the market is too tough, and deals are just not happening - which ensures that bonuses won't ...

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
Wall Street Journal - Trading Markets (press release)
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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...

Investment Banking Indirect Tax Manager : Taxation Jobs
Investment Banking Indirect Tax Manager Tax accountants looking for their dream jobs browse Taxation-Jobs now to make that move up the career ladder. Recruiters your dream candidates are browsing Taxation-Jobs now...

UBS chairman says bank losing key staff: report - Reuters

Reuters
UBS chairman says bank losing key staff: report
Reuters
Current Finance Minister Hans-Rudolf Merz said on Thursday that the Swiss government wants to exit its investment in UBS rapidly but will only do so when the bank is stable and market conditions are favorable. Villiger, who was appointed UBS chairman .
UBS raises bankers' base pay The Daily Deal (subscription)
Swiss government seen selling UBS stake guardian.co.uk
UBS shares need to rise before Switzerland sells stake Norwalk Advocate
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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...

Russia hires top banker to consult on M&A -sources - Reuters

Russia hires top banker to consult on M&A -sources
Reuters
MM). "She has been working close to the government for a long time," an investment banker in a major Russian bank said. (Reporting by Oksana Kobzeva and Dmitry Sergeyev, editing by Will Waterman and Simon Jessop)
JP Morgan names Russia investment banking chief Financial News (subscription)
JP Morgan banker exits to advise Russia on M&A? The Daily Deal (subscription)
Who Is Natasha Tsukanova: The Kremlin's New M&A Adviser Wall Street Journal Blogs
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Crescent Banking Company Announces 1st Quarter Results (Marketwire)
JASPER, GA--(Marketwire - May 15, 2009) - Crescent Banking Company, Jasper, Georgia ( NASDAQ : CSNT ) (the "Company") announced today a net loss of $5.1 million, which represented a net loss per share on both a basic and fully diluted basis of $0.97, for the quarter ended March 31, 2009. In comparison, the Company had a net loss for the quarter ended March 31, 2008 of $1.9 million, which ...

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...

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...

ALL BUSINESS: Banks profit from capital raising - The Associated Press

ALL BUSINESS: Banks profit from capital raising
The Associated Press
"Commercial banks that need capital are going down the hall and asking their colleagues for investment banking advice. Then they are charging themselves a fee for helping themselves," said Anthony Sabino, a professor of law at St. John's University. .
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The other side of Investment Banking job's interview - The Waseda .
Interviews are always stressful moments, especially when it comes to interviews in investment banking. The reason is that a lot is at stake, and, the CV is not anymore an asset to extol since the interview's essence does not rely on ...

Capital Intelligence downgrades The International Banking Corporation following default on bank debt (AME Info)
Capital Intelligence, the international credit rating agency, has downgraded the foreign currency long and short-term ratings for The International Banking Corporation (TIBC) in Bahrain to 'D' (default) from 'BBB' and 'A3' long-term and short-term respectively...

Barclays money management biz sale could be biggest ever - InvestmentNews

Daily Mail
Barclays money management biz sale could be biggest ever
InvestmentNews, NY
"There's no question that this deal would come close to topping the charts," said Paul Holt, president of Cambridge International Partners Inc., a New York-based investment bank that specializes in the asset management industry. .
Barclays leads the FTSE higher on $10bn disposal talk guardian.co.uk
Barclays disposal could earn Bob Diamond a 10m bonus Daily Mail
Barclays' ambitions are hotting up Telegraph.co.uk
Interactive Investor - Here Is The City
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Jeffrey Costello, chief executive of JP Morgan in Russia, has taken over as head of investment banking in Moscow . (eFinancial News)
Jeffrey Costello, chief executive of JP Morgan in Russia, has taken over as head of investment banking in Moscow following the surprise departure of Natalia Tsukanova to take up a role as an adviser to the Kremlin...

Global Investment House announces its results for the first quarter ended 31 March 2009 (AME Info)
Global Investment House 'Global' or the 'Company' announced today its results for the first quarter ended 31 March 2009...

Treasury 10-Year Note, Bonds Post First Weekly Gain Since March - Bloomberg

Life Style Extra
Treasury 10-Year Note, Bonds Post First Weekly Gain Since March
Bloomberg
EURThe economic numbers will continue to support the bond market,EUR said Thomas Tucci, head of US government bond trading in New York at RBC Capital Markets, the investment- banking arm of Canada's biggest lender. Initial jobless claims rose by 32000 to .
Treasury 10-Year Notes Fall as Manufacturing Outlook Improves Bloomberg
Treasuries Rise as Fed Purchases Debt, Treasury Auctions Pause Bloomberg
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International Investment Bank announces its 1st quarter 2009 results (AME Info)
International Investment Bank (IIB), a globally focused investment bank based in the Kingdom of Bahrain operating in line with Shari'ah principles, announced its results for the three months ended 31 March 2009...



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