Top Investment Banking News for 06/04/2008



Afternoon Reading: What Was Lehman Thinking? - Wall Street Journal Blogs

Boston Globe

Afternoon Reading: What Was Lehman Thinking?
Wall Street Journal Blogs, NY - 57 minutes ago
EURTheres never a shortage of European banks wanting a greater investment-banking presence in the US, and between the cheap dollar and Lehmans depressed .
Lehman seeking overseas capital, eyes Korea-WSJ Forbes
HEARD ON THE STREET Wall Street Journal
WSJ: Lehman mulls raising new capital - Update Trading Markets (press release)
CNNMoney.com - TheStreet.com
all 829 news articles
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Private Equity Eyes British Banking Bargains (Forbes)
TPG, Blackstone and KKR may all be on the hunt for a bargain investment in struggling British banks, according to press reports...

Veoh Networks Secures $30 Million from Silicon Valley Heavyweights
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, ...

Goldman Sachs names two new co-heads for Asia investment banking group (International Herald Tribune)
Goldman Sachs on Monday announced two new co-heads to its investment banking group for Asia excluding Japan, highlighting a shifting of talent by Western banks to Asia...

The Impact Of Metrics For Investment Banking Performance
Financial investments are measured through metrics for investment banking performance. This is a way of gauging if a financial undertaking is worth the risk and the effort. There is no point of providing inputs if the output is not ...

Fast Money Commentator Terranova Joins Phoenix Investment Partners (Financial Planning.com)
Joe Terranova was named the new chief alternatives strategist at Phoenix Investment Partners. Terranova, a constant face on CNBC's Fast Money, will report to Steve Neamtz, head of asset management distribution...

Things You Must Do This Summer To Prepare For Fall Interviews
So you want to be an investment banking analyst when you graduate. You tried to to get a summer internship at an investment bank, but it didn't work out. Here is a short and dirty list of the things you need to complete this summer to ...

ICBC to Set Up Hong Kong Unit - Wall Street Journal

Economist

ICBC to Set Up Hong Kong Unit
Wall Street Journal - Jun 3, 2008
Industrial & Commercial Bank of China Ltd., China's largest bank by assets, has won approval to set up a wholly owned investment-banking unit in Hong Kong, .
UPDATE 1-China Merchants seals deal for Wing Lung Bank Reuters
Mainland bank to get control of Wing Lung International Herald Tribune
ANZ Bank Still in Bidding for Wing Lung, Smith Says (Update2) Bloomberg
MarketWatch - The Age
all 155 news articles
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Inside the investment bank and Dillon Read Capital Management (eFinancial News)
UBS has promoted Nick Reid, who was one of Goldman Sachsâ top dealmakers before moving to the Swiss bank two years ago, to jointly run its UK investment banking team as part of a changing of the guard in its global investment banking business...

RPT-UBS names Reid, Waddell UK investment bank co-heads - Reuters

RPT-UBS names Reid, Waddell UK investment bank co-heads
Reuters - 8 hours ago
Reid and Waddell will report to Herman Prelle and Simon Warshaw, joint heads of investment banking for Europoe, the Middle-East and Africa, UBS said.
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Wall Street shares end lower on renewed banking jitters (Channel NewsAsia)
NEW YORK: Renewed jitters about the financial sector sent Wall Street shares tumbling on Monday as the latest troubles for banking and investment firms prompted profit-taking from last week's gains...

(AFX UK Focus) 2008-06-03 15:10 Ambrian Capital sees H1 investment banking revs broadly in line with last year (Interactive Investor)
LONDON (Thomson Financial) - Ambrian Capital Plc. said it expects its 2008 first-half revenues from the investment banking activities to be broadly in line with that reported in the same period last year, despite challenging market conditions...

Who Might Buy Lehman?
At the right price, Lehman may make an attractive target for a private-equity firm or hedge-fund group that wants to add brokerage and investment-banking operations. Blackstone Group CEO Stephen Schwarzman is a Lehman alum who has long ...

Investment Banking Associate
Industry: Investment Banking Job Title: Investment Banking Associate Position: Full Time Experience: MBA Entry Level (Less than 5 years) Function: Finance - Investment Banking/ Corporate Finance Location: San Francisco, CA Description: ...

UBS picks UK investment banking heads - Financial News

UBS picks UK investment banking heads
Financial News, UK - 7 hours ago
Reid, whose recent deals for UBS include advising Cadbury on the demerger of its US drinks business, will run UK investment banking alongside Tim Waddell, .
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S & P downgrades top US investment banks - Hindu Business Line

Nashville City Paper

S & P downgrades top US investment banks
Hindu Business Line, India - Jun 3, 2008
Chennai, June 3 International rating agency, Standard & Poors (S & P) has lowered its ratings on a number of top investment banking companies in the United .
S&P lowers ratings on Lehman, Merrill Hindu
S&P downgrade of top investment banks rattles markets The Australian
Downgrades, management shuffles take toll on banks Hartford Business
Bloomberg - CNNMoney.com
all 177 news articles
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Senate Banking panel to hold investment bank hearing (Reuters via Yahoo! News)
The Senate Banking Committee is planning to hold a hearing next Tuesday to examine underwriting practices at some of the top investment banks, a source familiar with the matter told Reuters on Tuesday...

S & P downgrades top US investment banks (The Hindu)
Chennai, June 3 International rating agency, Standard & Poors (S & P) has lowered its ratings on a number of top investment banking companies in the United States. S & P has downgraded Lehman Brothers Inc., Merrill Lynch & Co. Inc., and Morgan Stanley...

ICBC approved for HK investment banking unit
Industrial and Commercial Bank of China (ICBC), the mainland's largest lender by assets, has received approval for set up a wholly-owned investment banking unit in Hong Kong, the Wall Street Journal reported. ...

Global Banking Corporation BSC (c) (EURGBCORPEUR) launches Global . - Al-Bawaba

Global Banking Corporation BSC (c) (EURGBCORPEUR) launches Global .
Al-Bawaba, Jordan - 2 hours ago
Ahmed Al Khan, Head of Investment Banking at GBCORP, stated EURthe launch of GEFSCO with the expertise of a strategic alliance and an industry leader TDJ will .
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Societe Generale adds new executive to corporate and investment banking (Banking Business Review)
Societe Generale has appointed Michel Peretie to the management team of its corporate and investment banking...

Lehman Brothers Declines Again
As Toomre Capital Markets LLC ("TCM") has written previously in the posts Value of the Investment Banking Franchises?? And Lehman Brothers Weighs Raising Equity Capital, TCM has been questioning what the on-going value of investment ...

UBS names Reid, Waddell UK investment bank co-heads (The Economic Times)
Swiss-based bank UBS AG said on Wednesday it named Nick Reid and former joint head of corporate broking Tim Waddell as joint heads of UK investment banking...

New head of corporate banking for SocGen
French banking giant Societe Generale has appointed former Bear Stearns executive Michel Peretie as the head of its Corporate & Investment Banking unit. In a statement, Socgen said that Mr Peretie will take over management of the ...

Investment Banking: Quo Vadis?
But the cross-fertilization in other finance fields of "tacit" skills learned in investment banking is accelerated by the hire-and-fire strategy favored in this industry. To my mind, given how disintermediation starts, ...

Deutsche Bank's Jain sees 'some normalisation' but financial . - Forbes

Deutsche Bank's Jain sees 'some normalisation' but financial .
Forbes, NY - 9 hours ago
s co-head of investment banking, Anshu Jain sees 'some normalisation' but does not consider the global financial crisis to be over yet. .
Deutsche Bank's Jain Says Financial Crisis May Not Be Over Bloomberg
UPDATE 1-Deutsche Bank exec sees mixed signals on mkt crisis Reuters
all 9 news articles
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2008 Bonuses: Why I (Almost) Believe The Numbers
Over the past few years, though, bonuses were close to predictable because M&A activity was up each year, investment banking revenue kept rising, and America wasnt in danger of being sold to China. No one knows whats going to happen, ...

Investment Banking Ethics 202: JP Morgan and the Failed Buyout of . - Wall Street Journal Blogs

Investment Banking Ethics 202: JP Morgan and the Failed Buyout of .
Wall Street Journal Blogs, NY - Jun 3, 2008
He also asks that the bank clarify its position on the conflict check before he decides which US buyout firms to bring in to the deal. .
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If gentlemanly capitalism ever was, it disappeared with the B&B deal - guardian.co.uk

Mirror.co.uk

If gentlemanly capitalism ever was, it disappeared with the B&B deal
guardian.co.uk, UK - 19 hours ago
Back in 1987, the cream of Wall Street's investment banking fraternity - Goldman Sachs, Morgan Stanley, Shearson Lehman Brothers and Salomon Brothers .
UK Bank Rescued, US Bank Ratings Cut ABN Newswire (press release)
Bradford & Bingley shareholder uproar AboutProperty.co.uk
B&B bosses slammed over rights issue deal FT Adviser
The Age - The Australian
all 896 news articles
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ICBC wins approval to set up HK investment banking unit - China Knowledge Online

ICBC wins approval to set up HK investment banking unit
China Knowledge Online, Singapore - 12 hours ago
Meanwhile, ICBC holds 75% shares in ICEA Capital Ltd., an investment banking unit cooperated with Bank of East Asia Ltd.<23> in Hong Kong. .
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