Top Investment Banking News for 06/23/2008



Citigroup to Cut 10% of Investment Banking Jobs
Citigroup is set this week to embark on an aggressive round of layoffs within its investment-banking division...

Citi to cut over 6,500 investment banking jobs (New Kerala)
Washington, June 23: In perhaps the largest bloodletting on Wall Street recently, Citigroup is set this week to dismiss about 10 percent of its 65,000 investment banking employees worldwide in an aggressive round of layoffs, the Wall Street Journal (WSJ) reported Monday.Washington, June 23: In perhaps the largest bloodletting on Wall Street recently, Citigroup is set this week to dismiss about ...

Report: Citigroup to slash investment-banking jobs
Citigroup is preparing fire thousands from its worldwide investment-banking division, The Wall Street Journal reported on Sunday. The Journal, citing people familiar with the matter, said the layoffs are part of a plan to cut about 10 ...

New World for Investment Banking?
Some outlines of regulatory changes are starting to take shape. My guess is that US investment banks will see increased regulation in return for the Feds intervention in the case of Bear Stearns and its decision to allow investment ...

RPT-UPDATE 1-Citigroup slashing investment bank jobs this week - Reuters

Earthtimes (press release)

RPT-UPDATE 1-Citigroup slashing investment bank jobs this week
Reuters - 4 hours ago
Citi's investment banking division is still keeping the number of layoffs planned at around 6500, or about 10 percent of the group's employees globally, .
Citigroup set to slash 10 percent of investment banking jobs Bizjournals.com
Citigroup may cut 10% of investment-bank staff MarketWatch
Citigroup to Cut 10% of Investment Banking Jobs Wall Street Journal
Hürriyet - Reuters
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Report: Citigroup to slash investment-banking jobs - The Associated Press

Report: Citigroup to slash investment-banking jobs
The Associated Press - 22 hours ago
NEW YORK (AP) EUR” Citigroup is preparing fire thousands from its worldwide investment-banking division, The Wall Street Journal reported on Sunday. .
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Goldman cutting 10% of investment banking jobs, FT reports (Market Watch)
SAN FRANCISCO (MarketWatch) -- Goldman Sachs is cutting 10% of its investment banking staff this year, the Financial Times newspaper reports...

Citigroup to slash investment-banking jobs
The firm's investment banking unit plans to lay off about 6500 of its 65000 employees; a major portion of the layoffs are slated to take place this week...

Latest layoffs have financial services workers watching their backs
The layoff picture on Wall Street has been bleak for some time, and the news today that Citigroup and Goldman Sachs are making major cuts in their investment banking divisions doesnt give financial services workers any reason to be ...

Goldman cutting 10% of investment bank jobs: FT - MarketWatch

Goldman cutting 10% of investment bank jobs: FT
MarketWatch - 5 hours ago
By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Goldman Sachs is cutting 10% of its investment banking staff this year, the Financial Times .
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Banc of America cuts Merrill, UBS estimates - MarketWatch

Banc of America cuts Merrill, UBS estimates
MarketWatch - 4 hours ago
Weakness in equity markets has put pressure on UBS's wealth-management, investment- banking and asset-management businesses, noted the analysts. .
BofA sees $3.5 billion writedown at Merrill, $7 billin at UBS Reuters
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Citigroup: 10% of investment banking jobs set for cuts
According to this morning's Wall Street Journal sources, Citigroup will be slashing 10% of its investment banking division jobs with M&A bankers exspected to be hit hard.. "Citi indicated earlier this year that it would be resizing ...

US rule changes to spur banking consolidation - Financial News

US rule changes to spur banking consolidation
Financial News, UK - 18 hours ago
James DeNaut, head of global banking for the Americas at Deutsche Bank, said: EURœThe regulatory and accounting standardisation would prepare the US investment .
New World for Investment Banking? Banking Technology (subscription)
SEC Chief Under Fire as Fed Wall Street Journal
Prepare for change as world tilts to the east Times Online
Wall Street Journal Blogs - Bloomberg
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Sector Snap: Investment Banks decline - Forbes

Sector Snap: Investment Banks decline
Forbes, NY - 3 hours ago
More than half of the 6500 jobs to be cut at Citigroup's investment banking division have already been eliminated, a person familiar with the job cuts said .
Winners & Losers Financial Winners & Losers: Goldman TheStreet.com
FINANCIAL STOCKS MarketWatch
Opening Glance: Most diversified financials fall Forbes
Forbes
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Treasurys little changed as bank layoffs rise - MarketWatch

Earthtimes (press release)

Treasurys little changed as bank layoffs rise
MarketWatch - 9 hours ago
Goldman Sachs Group, Inc. (GS: , , ) also is cutting 10% of investment bank division, according to the Financial Times. "The impact of the credit-crunch and .
Treasuries Little Changed Before Housing Report, Fed Meeting Bloomberg
Treasurys little changed as bank layoffs rise MarketWatch
Treasuries Gain as Traders Scale Back Bets on Fed Rate Increase Bloomberg
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Report: Citigroup to slash investment-banking jobs
Citigroup is preparing fire thousands from its worldwide investment-banking division, The Wall Street Journal reported...

Report: Mass Firings at Citigroup Investment Banking (Fox News)
Citigroup is set this week to fire thousands of workers in their investment-banking division, the Wall Street Journal reported Monday...

The Johnston Group Joins the Newport Beach Private Banking and Investment Group at Merrill Lynch (Centre Daily Times)
Merrill Lynch (NYSE:MER) today announced that the Johnston Group, formerly with Citi Smith Barney Family Office and Citigroup Global Wealth Management, has joined the Newport Beach Private Banking and Investment Group at Merrill Lynch. Michael Johnston, Private Wealth Advisor and Senior Vice President-Investments, leads a seven-member team including his two partners, John Arnold, Private Wealth ...

Citi halfway done cutting 6,500 in its investment banking unit (Deseret Morning News)
Citigroup Inc. is about half-way through cutting 10 percent of the 65,000 employees in its investment banking unit, a person familiar with the job cuts said Monday...

Afternoon Reading: Death by 1000 Investment-Banking Cuts - Wall Street Journal Blogs

Afternoon Reading: Death by 1000 Investment-Banking Cuts
Wall Street Journal Blogs, NY - 4 hours ago
On the face of it, those two deals should be a positive for investment banking. Yet those two deals highlight how M&A has gotten less lucrative for Wall .
Fears of mass job cuts mount at investment banking as Goldman . Xinhua
More banking woes as Citigroup and Goldman Sachs reveal job losses Finance Markets
City job fears after Goldman wields axe Financial Times
New York Times Blogs - CITY A.M.
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Lehman Brothers (LEH) NewsBite - LEH Falls On Citigroup Investment . - Market Intelligence Center

Lehman Brothers (LEH) NewsBite - LEH Falls On Citigroup Investment .
Market Intelligence Center, VA - 8 hours ago
Shares of LEH are declining with other investment banks on news that Citigroup (C) is in the process of cutting 6500 jobs in its investment banking division .
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Citigroup to cut 10% of investment banking jobs
Citigroup will dismiss this week 10% of its 65000-strong investment banking workforce across the world...

Report: Citi to Cut 10% of Investment Banking Jobs
The WSJ is reporting: Citi to Slash Investment Banking Jobs World-Wide Citigroup . will dismiss thousands of investment-banking employees world-wide as part of a plan to cut the roughly 65000-employee group by 10% . ...

Report: Citigroup to slash investment-banking jobs (AP via Yahoo! News)
Citigroup is preparing fire thousands from its worldwide investment-banking division, The Wall Street Journal reported on Sunday...

The Johnston Group Joins the Newport Beach Private Banking and Investment Group at Merrill Lynch (Business Wire via Yahoo! Finance)
NEWPORT BEACH, Calif.----Merrill Lynch today announced that the Johnston Group, formerly with Citi Smith Barney Family Office and Citigroup Global Wealth Management, has joined the Newport Beach Private Banking and Investment Group at Merrill Lynch...

Citi to Slash Investment Banking Jobs World-Wide
Citigroup Inc., in the latest sign of bloodletting on Wall Street, is set this week to embark on an aggressive round of layoffs within its investment-banking division, people familiar with the matter said. Full Link : HERE...

Citigroup may cut 10% of investment-banking staff (Market Watch)
Citigroup plans to lay off as much as 10% of the 65,000 workers in its investment-banking division, according to a report...

Citigroup halfway through investment banking cuts (The Globe and Mail)
NEW YORK EUR” Citigroup Inc. is about halfway through cutting 10 per cent of the 65,000 employees in its investment banking unit, a person familiar with the job cuts said Monday...

FN profile: UBS head Johansson thrives on a challenge - Financial News

FN profile: UBS head Johansson thrives on a challenge
Financial News, UK - 18 hours ago
But, to paraphrase Ken Lewis, the chief executive of Bank of America, UBS has probably had about all the charm and flamboyance in investment banking it can .
Morgan Stanley strengthens Japan private equity Reuters
Morgan Stanley earnings plunge despite asset sales Reuters.fr
Do More With Reuters Reuters India
Reuters - Reuters
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Citi halfway done cutting 6,500 jobs in investment banking unit, says source (San Jose Mercury News)
NEW YORK - Citigroup is about halfway through cutting 10 percent of the 65,000 employees in its investment banking unit, a person familiar with the job cuts said today...



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