Top Investment Banking News for 05/30/2009



Bill Clinton, on His Economic Legacy - New York Times

Bill Clinton, on His Economic Legacy
New York Times, United States
Perhaps the strongest piece of evidence in its favor is that the first institutions to collapse, like Lehman Brothers and Bear Stearns, had not combined standard banking and investment banking. Some firms that did combine the two, especially JP Morgan .
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UBS CEO Defends Investment-Banker Pay Raises - Wall Street Journal

UBS CEO Defends Investment-Banker Pay Raises
Wall Street Journal
While he didn't mention which areas, Mr. Grübel highlights foreign exchange and equities elsewhere in the memo as good examples of healthy parts of UBS's investment bank, which has been rocked by over $50 billion in write-downs on illiquid securities. .
UBS Will Stick to Market-Level Salaries, Gruebel Tells Staff Bloomberg
UBS chief Oswald Grübel defends decision to raise the salaries of . Times Online
Gruebel rules out change in UBS policy of market-level salaries Wealth Bulletin
all 27 news articles
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London Jobs Internal Auditor within Investment Banking
A fantastic opportunity for a Senior Manager with Banking & Capital Markets (B&CM) has arisen to work for one of the Big 4 in central ...

Broadpoint Expands Healthcare Investment Banking (Business Wire via Yahoo! Finance)
NEW YORK----Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. , today announced that Geoffrey Harris has joined the firm's Investment Banking Division as a Managing Director...

Deutsche Bank Says Investment Banking Still Core - Wall Street Journal

Earthtimes (press release)
Deutsche Bank Says Investment Banking Still Core
Wall Street Journal
By William Launder Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--Deutsche Bank AG (DB) Chief Executive Josef Ackermann said Tuesday that investment banking remains at the heart of the bank's business and that its corporate banking unit will focus more .
Ackermann Beats Scandal, Loss as Indispensable Swiss Bloomberg
Deutsche Bank CEO defends strategy Business Day
Deutsche Bank AGM Financial News (subscription)
Wealth Bulletin - Wall Street Journal
all 44 news articles
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Credit Suisse Recruits Investment Banking Duo - Deal Journal - WSJ
Credit Suisse Group has hired a former vice chairman from Morgan Stanley and a co-head for France, as lenders free of state funding continue to hire investment bankers from rivals...

How to Get Into Investment Banking from an Unknown State School .
How to Get Into Investment Banking from an Unknown School with No Finance Background...

MOVES-Evercore, Aquiline, Ernst & Young, others - Reuters

MOVES-Evercore, Aquiline, Ernst & Young, others
Reuters
Evercore, an investment banking boutique and investment management firm, hired Robert Pacha as a senior managing director overseeing its midstream energy practice. He joins from Bank of America Corp (BAC.N), where he led the bank's midstream energy and .
Evercore's New CEO Gets a $6.1 Million Signing Bonus Wall Street Journal Blogs
Evercore sets up Houston office Bizjournals.com
Merrill energy banker defects to Evercore The Daily Deal (subscription)
PR Newswire (press release)
all 27 news articles
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Fortress to Invest $450 Million in Bank With Partners - Bloomberg

CharlotteObserver.com
Fortress to Invest $450 Million in Bank With Partners
Bloomberg
Regulators and government officials have expressed concerns over the consistency of rules surrounding private investment in banks. EURThere is a need for private-equity investment in our banking system, but there must be clear rules for all of the .
Report: Former BofA exec to head Fla. bank The Business Journal of . Bizjournals.com
Private equity firms to invest in First Southern Reuters
Bloomberg: Fortress Investment to Inject $450 Mln in Florida Bank . RTT News
PR Newswire (press release) - StreetInsider.com (subscription)
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U.S. Stocks Rise, Led by Banking, Energy Shares as Bonds Gain (Bloomberg)
May 28 (Bloomberg) -- U.S. stocks rallied, led by banking and energy shares, as a rebound in 10-year Treasuries eased concern record government debt sales will trigger higher borrowing costs and oil climbed to a six-month high...

Lehman Brothers Holdings - CNNMoney.com

Lehman Brothers Holdings
CNNMoney.com
As a result, the company's North American investment banking and trading businesses and New York City headquarters were sold to British bank Barclays. Some of Lehman's US businesses, including wealth management firm Neuberger-Berman, .
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Wall Street faces pay conundrum : Ghana Business News
Many also would argue that Wall Street's bonus structure helped fuel the global financial crisis by encouraging investment banking employees to take outsize risks in credit and mortgage markets to deliver short-term profit that would ...

Week Ahead: Lloyds Banking, Carphone Warehouse, BoE meeting (ShareCast via Yahoo! UK & Ireland Finance)
Friday is the AGM for Lloyds Banking Group and it is also the deadline for the group's open offer. Shareholders will have until noon on 5 June to decide whether to participate in the bank's placing and compensatory open offer...

WSCFA - A leader in Investment Banking Training and Financial Modeling (PRWeb via Yahoo! News)
Wall Street Corporate Finance Academy (WSCFA) is a financial training firm designed to prepare students and professionals for careers in Finance (Investment Banking, Private Equity, Venture Capital, Hedge Funds and Real Estate). WSCFA offers Live Investment Banking Training, Corporate Training, University Training, Web Training and Resume/Interview Prep at the best value in the industry...

Global Investment House Cuts Price Target for Mashreq Bank (Zawya)
30 May 2009 DUBAI -- Global Investment House, or GIH, has cut its price target for Dubai-based Mashreq Bank, citing the impact of the economic downturn and its high exposure to retail loans...

Raymond James buys investment banking firm Lane Berry (The Business Journal of Milwaukee)
Financial planning, investment banking and asset management company Raymond James Financial Inc. has acquired Lane Berry & Co., an investment banking and advisory firm. (RJF)..

Eurazeo CEO: All Units Respecting Banking Covenants (Nasdaq)
PARIS -(Dow Jones)- French investment company Eurazeo's (RF.FR) Chief Executive Patrick Sayer Friday said that all the company's units respect their banking covenants...

What kind of degree do I need to get into banking,investments .
**The guy above me is mistaken, I have never heard of anyone in investment banking or trading who goes and gets their insurance license or a series 6EUR.It's generally the Series 7 and 53 which are licenses to sell equities and munis. ...

Fortress to take first step into retail banking (Financial Times)
Fortress Investment Group , a listed private equity and hedge fund company with $26.5bn in assets, is nearing an agreement that would mark the first step in a push into US retail banking, according to people familiar with the transaction...

Treasuries Head for Second Monthly Loss on US Borrowing Spree - Bloomberg

MinnPost.com
Treasuries Head for Second Monthly Loss on US Borrowing Spree
Bloomberg
EURThe economic backdrop is still for a protracted exit from the recession and for inflation to continue to fall,EUR said Peter Jolly, head of market research for the investment-banking unit of National Australia Bank Ltd. in Sydney, the nation's largest .
Treasury Yields Leap to Fair Value Barron's
Treasuries Decline as Confidence Increases, Auctions Loom Bloomberg
all 694 news articles
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Investment banking firm Lane Berry acquired by Raymond James .
Investment banking firm Lane Berry acquired by Raymond James Financial The investment banking and advisory company Lane Berry has been acquired by the St. Petersburg-based Raymond James Financial Inc - a diversified financial services ...

Time to consider beta banking stocks as an option? - Malaysia Star

Time to consider beta banking stocks as an option?
Malaysia Star, Malaysia
Hence, AMMB remains an underperform for now, premised on potential de-rating catalysts of a jump in loan loss provisioning (LLP), slower loan growth, and weak investment banking income,EUR says CIMB Research. It says net profit was primarily driven by a .
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MEDIA ADVISORY: Luncheon Discussion -- The Global Investment Agenda (Marketwire)
WASHINGTON, DC--(Marketwire - May 29, 2009) - The United States Council for International Business issued the following media advisory: WHAT: Luncheon discussion: "The Global Investment Agenda," organized by the United States Council for International Business WHO: Angel Gurría, secretary general, Organization for Economic Cooperation and Development Daniel Price, Sidley & Austin (former senior ...

Investment Banks in Washington D.C. | WallStreetOasis.com
Real estate investment banking practice. Jobs listed on website. They manage a ton of office space in Tysons Corner. KippsDeSanto is a boutique IB founded in 2007 by former Houlihan Lokey guys. Nice guys. Ethical guys--I interviewed ...

Middle East (UAE and GCC) Finance and Investment News: SWFs should .
EURThe use of excess liquidity by SWFs in the region . needs to be encouraged more, that will drive more inward investment,EUR said Albert Momdjian, who heads Calyon's investment banking in the Middle East and Africa. ...

Raymond James buys investment banking firm Lane Berry (Business Journal of Tampa Bay)
Raymond James Financial Inc. acquired Lane Berry, an investment banking and advisory company. (RJF)..

FDIC orders changes at five California banks - Los Angeles Times

FDIC orders changes at five California banks
Los Angeles Times, CA
The plan received final approval this month from regulators, said Plaza Chairman Robert J. Feldhake, and the new capital investment, now raised to $18 million, is expected to be made next week. "Once that is in the door, this bank will never have been .
Bank Watch: The Dead Man's Yield Curve Minyanville.com
Banks' Outlook Not as Dire as Stock Prices TheStreet.com (subscription)
all 34 news articles
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Barclays co-chief US economist heads for BofA - Reuters

Barclays co-chief US economist heads for BofA
Reuters
It was also unclear when he will join Bank of America Merrill Lynch, the largest US bank's corporate and investment banking unit, or what his role will be there. The people close to the decision were given anonymity because Harris' move has not been .
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Deal Journal Video: The Dark Arts of Investment Banking - Deal .
Is putting together the big M&A deal, an art or a science? In his column, Dennis Berman notes the odd (or maybe not so odd) fact that many M&A deals are struck near a stock's 52-week high...

Why It's Time To Reform Investment Banking's League Tables | The .
A lack of transparency and overall credibility in so-called league tables for investment banks mean it's time for reform and standardization of the ranking...



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