Top Investment Banking News for 06/25/2008



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...

Shake-up continues, as Lehman brings back two former execs
(Reuters)EUR”Lehman Brothers, which last week posted its first quarterly loss as a public company, said it was rehiring two executives who had left the investment bank in 2007...

UBS to expand investment banking unit (Zawya)
25 June 2008 Swiss banking giant UBS is expanding its investment banking division in the Middle East by relocating six bankers to Dubai...

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...

SociĂtĂ GĂnĂrale's head of investment banking questioned alongside . - International Herald Tribune

SociĂtĂ GĂnĂrale's head of investment banking questioned alongside .
International Herald Tribune, France - 4 hours ago
. organized the nearly three hour confrontation between Kerviel and SociĂtĂ GĂnĂrale's head of corporate and investment banking, Jean-Pierre Mustier. .
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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...

Barclays reveals 4.5bn shares plan - The Press Association

ITN

Barclays reveals 4.5bn shares plan
The Press Association - 17 hours ago
The banking giant said a raft of so-called sovereign wealth funds and foreign groups had agreed to pump money into the bank, including the Qatar Investment .
Barclays bursting with Eastern promise Management Today
The Qatar Investment Authority: What is it? Telegraph.co.uk
Barclays plans 4.5bn fundraising BBC News
Times Online - ITN
all 125 news articles
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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 - Jun 23, 2008
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
Bloomberg - Reuters
all 553 news articles
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Fed Day Ends Mixed as Dow Erases Gains - FOXBusiness

Irish Independent

Fed Day Ends Mixed as Dow Erases Gains
FOXBusiness - 2 hours ago
UBS (UBS) reportedly hired investment bank Lazard (LAZ) to conduct a strategic review of its businesses -- fueling speculation the Swiss bank may split its .
Stocks gain on Fed move CNNMoney.com
Wall Street sheds jobs amid talk of bank failures World Socialist Web Site
Stocks flucutate after last week's drop The Associated Press
New York Post - Brocktown News
all 1,411 news articles
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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...

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...

Boenning & Scattergood Taps Stephen A. Hurly to Lead Investment Banking Effort in Healthcare and Biotechnology Sectors (Business Wire via Yahoo! Finance)
WEST CONSHOHOCKEN, Pa.----Boenning & Scattergood, Inc., an independent securities, asset management and investment banking firm headquartered in the Mid-Atlantic region, announced that Stephen A...

DIB investment banking arm arranges more than US$5.7 billion in .
UAE. Dubai Islamic Bank has risen to second place in the GCC Islamic bonds league tables, up from sixth place in 2007, according to the Bloomberg...

UBS to expand investment banking unit
Swiss banking giant UBS is expanding its investment banking division in the Middle East by relocating six bankers to Dubai...

Barclays plucks nearly $9 billion from Qatar, others
(Reuters)EUR”British bank Barclays raised 4.5 billion pounds ($8...

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...

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...

Henry Paulson and Fed Regulation of Investment Banks
As I noted then in my piece, The Great Fall: The Consequences of Repealing the Glass Steagall-Act, the removal of the barriers would result in the large commercial banks muscling into the investment banking area and gradually ...

Contracting - Back & Middle Office Operation roles, Investment .
Seeking candidates with experience in operations capacity within Investment Banking to work in the CBD. To start ASAP Excellent $$$$ offered...

Deals of the Day: Pilots Agree on Labor Contract. Locusts Dont . - Wall Street Journal Blogs

Deals of the Day: Pilots Agree on Labor Contract. Locusts Dont .
Wall Street Journal Blogs, NY - 12 hours ago
. losing billions of dollars for investors isnta lucrative career plan: Citigroup research shows that pay for investment-banking CEOs fell 43%. .
TD Bank to Issue Medium Term Notes Canada NewsWire (press release)
all 5 news articles
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Breaking News Fed holds rates steady, dials up inflation worry
(Reuters)EUR”The US Federal Reserve held interest rates steady Wednesday and voiced greater concern about inflation, taking a small step down a road toward higher borrowing costs...

Bear Stearns exodus
Robert Nabholz was hired as a managing director covering telecommunications services for investment banking. Moran and Sutton join from Piper Jaffray & Co. and Bear Stearns Cos., respectively. Moran works from San Francisco and Sutton ...

Investment banker spends $571160 in Palms Place - Blockshopper

Blockshopper

Investment banker spends $571160 in Palms Place
Blockshopper, IL - 6 hours ago
Mr. Singal is the founder and has worked as a managing director at Silver Pacific Advisors, a boutique investment bank headquartered in Las Vegas. .
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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...

Stifel Nicolaus adds four ex-FBR senior bankers to investment . - Bizjournals.com

Stifel Nicolaus adds four ex-FBR senior bankers to investment .
Bizjournals.com, NC - 2 hours ago
Keeley will serve as co-head of investment banking at Stifel while working with other industry groups in business development. .
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Boenning & Scattergood Taps Stephen A. Hurly to Lead Investment . - Business Wire (press release)

Boenning & Scattergood Taps Stephen A. Hurly to Lead Investment .
Business Wire (press release), CA - 10 hours ago
Mr. Hurly will focus on serving the investment banking needs of publicly traded companies and privately held businesses in the healthcare, biotechnology and .
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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...

Thomas Weisel Partners Group, Inc. Announces New Hires in . - CNNMoney.com

Thomas Weisel Partners Group, Inc. Announces New Hires in .
CNNMoney.com - Jun 24, 2008
With over 12 years of investment banking experience, Jason Moran will focus on the biotechnology, specialty pharmaceutical and molecular diagnostics .
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Pre Salas Consultant, Investment Banking, Business Intelligence
Renowned and highly respected International consultancy and Software Vendor providing solutions for the Investment Banking Industry have a senior opportunity for an experienced pres sales consultant who has been working with the ...

Barclays raises $9bn in new equity - The Australian

Citizen

Barclays raises $9bn in new equity
The Australian, Australia - 5 hours ago
It also intends to continue its growth in investment banking and investment management, including wealth management. Some 4 billion will be raised through .
Barclays Banks On Expansion Forbes
Big boost for Barclays as Qataris pour billions into UK companies Times Online
Barclays Announces 4.5bn Cash Call Sky News
123Jump.com - Money Morning
all 317 news articles
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