Top Investment Banking News for 05/18/2009



Banking sector needs to help businesses more (Vietnam Net)
The Governor of the State Bank of Vietnam Nguyen Van Giau has asked the banking sector to firmly grasp the economic situation, become the business communitys friend, help it to overcome any difficulties and increase production...

S.F. investment bank MCF posts $1.9 million loss in Q1 (BizJournals)
San Francisco investment bank Merriman Curhan Ford said Monday that losses continued despite moves to shed non-core operations and rein in expenses. (MERR)..

peHUB KKR Hires Former Ambassador for Middle East Expansion
KKR has hired Ambassador Ford M. Fraker, the former U.S. Ambassador to the Kingdom of Saudi Arabia and former Chairman of private investment banking firm Trinity Group Limited, as a Senior Advisor. KKR opened an office in Dubai in 2009. ...

Investment Banking Fees Examined,Lantern Capital Advisors ,Banking .
How investment banking fees create common conflicts of interest...

Citigroup banker leaves for Credit Suisse - Financial Times

Citigroup banker leaves for Credit Suisse
Financial Times, UK
Mr Williams, global co-head of Citigroup's financial institutions group and one of the leading advisers to the UK government on its bail-out of the country's largest lenders, is joining the Swiss bank as vice-chairman of investment banking.
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Banking on Asian Financials (Forbes)
Merging markets have been rebounding in recent weeks, with investors pouring fresh money into emerging-market equity funds and ETFs...

Investment banking expected to drive OSK earnings (Business Times (Malaysia))
FINANCIAL services group OSK Holdings Bhd ( 5053 ) hopes to maintain its pre-tax profit and revenue this year, driven by its investment banking activities, says its chief...

Should you take up the Lloyds Banking Group share offer? (Daily Telegraph)
Should Lloyds Banking Group's 2.8m shareholders take up its offer to buy discounted shares in the group?..

peHUB Favorite New Website: Awkward Family Photos
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 ...

MOVES-Aviva Investors, E*Trade, Bank of New York - Forbes

MOVES-Aviva Investors, E*Trade, Bank of New York
Forbes, NY
Fraker was formerly US Ambassador to the Kingdom of Saudi Arabia and chairman of private investment banking firm Trinity Group Ltd. GAIN CAPITAL HOLDINGS INC The provider of online foreign exchange (forex) trading services appointed Jane Foley research .
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Top Stock Pickers Disagree on Banking Rebound (Financial Planning.com)
A line has been drawn in the sand, and anyone with an interest in banking stocks will have to pick a side...

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)
CORRECT:bofa Merrill Lynch Asia M&A Head Leaving-Sources CNNMoney.com
More top execs depart Bank of America-Merrill Lynch FinanceAsia
Bloomberg - The Daily Deal (subscription)
all 488 news articles
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Victor Blank may be proved right (eventually) - BBC News

Times Online
Victor Blank may be proved right (eventually)
BBC News, UK
You can already see it in investment banking, where the few remaining independent investment banks and the investment banking arms of Barclays and Royal Bank of Scotland among others have been coining it since the start of the year. .
Video: Lloyds Chairman Victor Blank To Resign - Bloomberg Bloomberg
Jeremy Warner: Sir Victor falls on his sword at Lloyds TSB Independent
Now Sir Victor's Blank cheque for HBOS has bounced, can Eric . Telegraph.co.uk
Mirror.co.uk - Financial Times
all 721 news articles
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Monday newspaper round-up: Lloyds Banking, Shell, BT (ShareCast)
LONDON (SHARECAST) - The departure of Sir Victor Blank has opened the floodgates on City demands for Lloyds Banking Group to unwind its fateful merger with HBOS which led to the chairman's downfall...

Does Anyone Know Any News Stations/newspapers Offering Journalism .
IB GraduateFinance Grads; Intern CVCV & Covering Letter; Investment Banking GradsFinance Careers; Investment Banking InternshipsFinance Students; Office HostageWork Humour; Planet InternshipOut of this world jobs! ...

Goldman Sachs Upgrades Bank of America to EURConviction BuyEUR (BAC) - Dividend.com

Goldman Sachs Upgrades Bank of America to EURConviction BuyEUR (BAC)
Dividend.com, NJ
By Dividend.com Staff Investment bank Goldman Sachs (GS) upgraded banking giant Bank of America Corporation (BAC) Monday morning from EURneturalEUR to EURbuy,EUR also adding the company to its EURconviction buyEUR list. Goldman said that it could take as little as .
Citi Reiterates a 'Buy' on Goldman Sachs (GS); Raises Price Target . StreetInsider.com (subscription)
Probably the best investment bank in the worldEUR Financial News (subscription)
Morgan Stanley Jumps to Top Spot in Equity Deals New York Times Blogs
Financial News (subscription) - Financial News (subscription)
all 279 news articles
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What is an investment banking career like? | Hot Financial Trends
I am taking the path to a career in financial planningEURmaybe for ameriprise financial but the idea of investment banking has provoked my curiosity. Can anyone tell me what its like? thanks very much. Oh, and I'm aware the economy is bad ...

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...

Daiwa SMBC May Acquire Close Brothers Investment Banking Unit (Bloomberg)
May 18 (Bloomberg) -- Daiwa Securities SMBC Co., a venture owned by Japans second-biggest brokerage and Sumitomo Mitsui Financial Group Inc., may acquire Close Brothers Group Plc s investment banking unit, two people familiar with the matter said...

US Stocks Gain as Bank of America, Lowe's Shares Advance - Bloomberg

The Associated Press
US Stocks Gain as Bank of America, Lowe's Shares Advance
Bloomberg
EURIt'sa buying stampede,EUR said Jeffrey Saut, chief investment strategist at Raymond James & Associates in St. Petersburg, Florida, which manages $222 billion. EUREarnings estimates have been managed down way below where they should be. .
US Stocks Seen Opening Higher; Lowe's Up Premarket Wall Street Journal
(IE) Troubled US Economy Still Has Tough Times As Shares Slide American Chronicle
Dow Soars in Wide Rally TheStreet.com
all 1,978 news articles
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Briefing Book: Ed Najarian (Forbes)
Steve Forbes interviews Ed Najarian, who recently left Merrill Lynch and joined International Strategy and Investment Group as senior managing director covering the banking sector for brokerage...

blackrock favored in acquisition of Columbia - Pensions & Investments

domain-B
blackrock favored in acquisition of Columbia
Pensions & Investments, IL
blackrock has to be seen as the favored bidder, agreed another investment banking veteran. Bankers say blackrock could consolidate much of the $261 billion of client money Columbia had in either money market or fixed-income strategies as of March 31, .
Sale talks over Barclays Global Investors Banking Times
all 23 news articles
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Stocks jump on housing, banking news (USA Today)
Buyers returned to Wall Street today on what's being called promising news on housing, banking and earnings in general. Stocks wiped out most of last week's losses. The Dow Jones jumped 2.85% (235.44 points) to close at 8,504.08; the S&P 500 surged 3.04% (26.83 points) to 909.71; the Nasdaq climbed 3.11% (52.22 points) to 1732.36; and the Russell 2000 small-cap index leaped 3.98% (18.95 points) ...

Forex Mediator | Lehman Says Units Sold to Barclays Undervalued
Barclays planning thousands more job cuts. Barclays PLC says it plans to cut up to 2100 jobs in its retail and commercial banking units, adding to redundancies of the same size in its investment banking arms. Share and Enjoy: ...

Fund managers poised for wave of consolidation - Reuters

Reuters
Fund managers poised for wave of consolidation
Reuters
"We're going to see a massive wave of consolidation across the entire asset management industry, over the next 12 to 24 months," Brian Reilly, Barclays Capital's head of asset management investment banking, told a gathering of hedge fund executives at .
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Investment Banking accounting books? ArticleSphere Blog
I have just joined an investment bank and part of my job involves financial modelling which requires knowledge of accounting. I work in Leveraged Finance so would require advance accounting books which show modelling to an extent...

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...

UBS Oper Chief: Measures Will Bolster Profitability - Memo - Wall Street Journal

UBS Oper Chief: Measures Will Bolster Profitability - Memo
Wall Street Journal
Specifically, the sharing of services across the bank is a blueprint of Credit Suisse, which operates a so-called integrated bank model, or running investment banking units alongside money-management activities for the wealthy. .
Top Firm Ups Base Pay 50% To Stop Staff Defections Here Is The City
all 7 news articles
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SF investment bank MCF posts $1.9 million loss in Q1 - Bizjournals.com

SF investment bank MCF posts $1.9 million loss in Q1
Bizjournals.com, NC
San Francisco investment bank Merriman Curhan Ford said Monday that losses continued despite moves to shed non-core operations and rein in expenses. But the firm said those efforts are beginning to pay off, with revenue up 31 percent in the first .
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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...



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