Top Investment Banking News for 06/24/2008



Thomas Weisel Partners Group, Inc. Announces New Hires in Investment Banking (Marketwire via Yahoo! Finance)
Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), a growth sector focused investment bank, announced the hiring of Jason Moran and Ralph Sutton as Managing Directors focused on the Healthcare sector and Robert Nabholz as a Managing Director focused on Telecommunications Services for Investment Banking...

Modern Bank hires ex-Bear Stearns exec as CEO
(Reuters)EURModern Bank, an independent private bank based in New York, said on Tuesday it hired former Bear Stearns executive Jeffrey Lane as its chief executive...

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...

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 ...

Fears of mass job cuts mount at investment banking (Budapest Business Journal)
The pace of job losses in the investment banking industry is feared to accelerate over the summer after Goldman Sachs cut staff at its investment banking division last week, the Financial Times reported Monday...

Report: Citigroup to Slash Investment-Banking Jobs (The Memphis Daily News)
NEW YORK (AP) EUR Citigroup is preparing to fire thousands from its worldwide investment-banking division, The Wall Street Journal has reported.The Jour....

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...

Canadian Insurance Heating Up - Forbes

Canadian Insurance Heating Up
Forbes, NY - 1 hour ago
At BMO, where investors heaved a sigh of relief because for once there were no large, unexpected charges, investment banking earnings slumped 7.5%, .
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Despite disarray at financial firms, CEOs got pay hikes last year
Even though financial institutions had a difficult year in 2007, their top executives still laughed all the way to the bank...

DIB investment banking arm arranges more than AED 20 billion in sukuk and syndication transactions in first half of 2008 (Zawya)
Dubai, June 24, 2008: Dubai Islamic Bank's (DIB) Dubai Islamic Bank's (DIB) wholly-owned investment banking arm, Millennium Capital Limited, announced today that it has arranged in excess of AED 20 billion of sukuk and syndication transactions since the beginning of this year...

Report: Citigroup to Slash Investment-Banking Jobs
NEW YORK (AP) EUR Citigroup is preparing to fire thousands from its worldwide investment-banking division, The Wall Street Journal has reported.The Jour....

Citigroup readies more investment-banking job cuts (Pioneer Press)
Citigroup Inc. may begin another round of job reductions as soon as this week under a plan drawn up in March to cut the trading and investment banking work force by 10 percent, said a person with knowledge of the matter...

London office rents set for 10-year hibernation - International Herald Tribune

London office rents set for 10-year hibernation
International Herald Tribune, France - 11 hours ago
Citigroup's investment banking clients include Land Securities and Hammerson , two of Britain's biggest office landlords and developers. .
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10 Investment Banking Summer Internship EURDontEURs: How Not To Screw Up
But if you havent done investment banking before, you dont know how we do things and you probably dont realize the difference between what you learned in school and how financial work is done in the real world (corners are often cut) ...

Banks more leveraged now than before credit crisis, says JP Morgan
While financial institutions have been trying to reduce leverage since the credit crisis began about a year ago, the overall financial system is more leveraged than it was before the crisis erupted...

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...

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

Goldman cutting 10% of investment bank jobs: FT
MarketWatch - Jun 23, 2008
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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UPDATE 2-Citi cutting investment bank jobs this week-sources - Reuters

Earthtimes (press release)

UPDATE 2-Citi cutting investment bank jobs this week-sources
Reuters - 18 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 - Vedior
all 545 news articles
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US rule changes to spur banking consolidation - Financial News

US rule changes to spur banking consolidation
Financial News, UK - Jun 22, 2008
James DeNaut, head of global banking for the Americas at Deutsche Bank, said: EURThe regulatory and accounting standardisation would prepare the US investment .
New World for Investment Banking? Banking Technology (subscription)
This Shall Not Pass The Weekly Standard
SEC Chief Under Fire as Fed Wall Street Journal
Wall Street Journal Blogs - Reuters
all 698 news articles
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Thomas Weisel Partners Group, Inc. Announces New Hires in . - CNNMoney.com

Thomas Weisel Partners Group, Inc. Announces New Hires in .
CNNMoney.com - 14 hours ago
With over 12 years of investment banking experience, Jason Moran will focus on the biotechnology, specialty pharmaceutical and molecular diagnostics .
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Citigroup may cut 6,500 investment banking jobs (Banking Business Review)
Citigroup is reportedly planning to cut about 6,500 jobs in its investment banking division, 10% of its global workforce of approximately 65,000...

Investment Banking - FSA or FCAS - Actuary - up to $400K - New .
New York investment bank is presently interviewing actuaries for Position 25892. Compensation up to $400K. FCAS or FSA credentials preferred. Financial modeling experience ideal. Consulting experience a plus. ...

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

Baltimore News Net

Afternoon Reading: Death by 1000 Investment-Banking Cuts
Wall Street Journal Blogs, NY - Jun 23, 2008
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
Even Goldman Sachs hurts New York Daily News
Financial Times - Financial Times
all 38 news articles
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Business Analyst - Investment Banking
Business Analyst required for an on going contract, our client is looking to support the design and build of a new consolidation, master data and reporting system. The role will require an individual to interact actively with project ...

DIB investment banking arm arranges more than Dhs20bn in sukuk in . - AME Info (press release)

AME Info (press release)

DIB investment banking arm arranges more than Dhs20bn in sukuk in .
AME Info (press release), United Arab Emirates - 13 hours ago
Dubai Islamic Bank's (DIB) wholly-owned investment banking arm, Millennium Capital Limited, announced today that it has arranged in excess of Dhs20bn of .
..

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...

Treasurys little changed as bank layoffs rise - MarketWatch

Treasurys little changed as bank layoffs rise
MarketWatch - Jun 23, 2008
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 .
Treasurys little changed as bank layoffs rise MarketWatch
all 9 news articles
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Al-Ghunaim Awarded Banker Middle East Industry Award for 2008 - Al-Bawaba

Al-Ghunaim Awarded Banker Middle East Industry Award for 2008
Al-Bawaba, Jordan - 7 hours ago
Global Investment House EURGlobalEUR announced today that Mrs. Maha Al-Ghunaim, Chairperson and Managing Director received the EURBanker Middle East Industry .
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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...

DIB investment banking arm arranges more than Dhs20bn in sukuk in first half of 2008 (AME Info)
Dubai Islamic Bank's (DIB) wholly-owned investment banking arm, Millennium Capital Limited, announced today that it has arranged in excess of Dhs20bn of sukuk and syndication transactions since the beginning of this year...



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