Top Investment Banking News for 06/27/2008



Women Arent Made To Get To The TopEUR¦
EUR˜We all know that women generally dont earn as much as men working in the investment banking business. We all appreciate that they dont generally tend to move through organisations quickly and take up leadership positions. ...

US Senators Warn SEC, Fed, Treasury About Investment Bank Proposal (Nasdaq)
WASHINGTON -(Dow Jones)- The top two members of the U.S. Senate Banking Committee on Friday warned the Treasury Department, Federal Reserve and Securities and Exchange Commission not to implement an information-sharing proposal dealing with the oversight of investment banks...

Canada recruiter sees more investment banking cuts - Reuters

Canada recruiter sees more investment banking cuts
Reuters - 9 hours ago
By Lynne Olver TORONTO, June 27 (Reuters) - There are more investment and corporate banking layoffs to come at Canadian bank-owned dealers and boutique .
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Associate Investment Banking
Title: Associate Investment Banking; Company name: HUDSON; Qualification: University / College; Experience: 3 years; Work Location: Hong Kong; Date: 27 Jun 2008...

Fed minutes show members mulled risks of opening lending facillity
(Reuters)EUR”The US...

Allianz Rises 25% When Dresdner Bank Gets `Goodbye' (Update1) - Bloomberg

AFP

Allianz Rises 25% When Dresdner Bank Gets `Goodbye' (Update1)
Bloomberg - 10 hours ago
``Above all, what investors want to see is Allianz kiss Dresdner and especially its investment banking unit goodbye,'' said Berlin-based Roehmeyer, .
LloydsTSB eyes up 6 billion Dresdner Bank bid Times Online
Lloyds TSB in the running for Dresdner This is Money
Lloyds TSB eyes Dresdner CITY A.M.
Forbes - Bloomberg
all 214 news articles
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UniCredit plans investment banking push in eastern Europe - Financial News

UniCredit plans investment banking push in eastern Europe
Financial News, UK - Jun 26, 2008
UniCredit is targeting central and eastern Europe to drive growth in its markets and investment banking division over the next couple of years, as the bank .
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Wall Street to Washington: We Broke It. You Fix It. - Wall Street Journal Blogs

Wall Street to Washington: We Broke It. You Fix It.
Wall Street Journal Blogs, NY - 8 hours ago
. points toward brokerage houses like Goldman Sachs and Lehman Brothers Holdings that have been Citigroups rivals in investment banking and lending. .
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Not so fast, senators tell Fed, SEC on bank pact (Reuters via Yahoo! News)
As the Federal Reserve and securities regulators neared an agreement on investment banks, leaders of the U.S. Senate Banking Committee on Friday warned them not to get ahead of Congress with any Wall Street reforms...

UBS E-Mails Show Conflicts With Auction-Rate Clients (Update2) - Bloomberg

Forex Hound

UBS E-Mails Show Conflicts With Auction-Rate Clients (Update2)
Bloomberg - 6 hours ago
Zurich-based UBS is cutting 5500 jobs, shutting businesses at the investment-banking unit and trying to stem client defections after posting the highest net .
Massachusetts regulator charges UBS with fraud Reuters
all 194 news articles
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Opinion: Why PE guys shouldnt control banks
Boy, the Federal Reserve sure is getting desperate. After opening the spigots to bail out banks with all kinds of new lending facilities, the Fed is now reportedly contemplating waving its 24...

Bank of Montreal Reduces Investment-Banking Jobs in Downturn - Bloomberg

Bank of Montreal Reduces Investment-Banking Jobs in Downturn
Bloomberg - 11 hours ago
By Doug Alexander June 27 (Bloomberg) -- Bank of Montreal, Canada's fourth- biggest bank, is trimming investment-banking jobs because of the recent decline .
Some Canadian banks slash jobs as economic problems weigh on . The Canadian Press
More cuts on way at BMO Globe and Mail
Bank of Montreal slashes 150 jobs in capital markets division 680 News
Bloomberg
all 21 news articles
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Fed Reviews Bank Investment Rules to Channel Capital to Lenders (Bloomberg.com)
June 27 (Bloomberg) -- Federal Reserve officials are reviewing regulations that limit investment firms' stakes in banks, aiming to channel more capital into the U.S. banking system...

South Africa: Model for a Crisis - the Risky Tricks of Hoodoo Banking - AllAfrica.com

South Africa: Model for a Crisis - the Risky Tricks of Hoodoo Banking
AllAfrica.com, Washington - 17 hours ago
The same applies to the banking sector generally. Banking, especially investment banking, has delivered strong returns to shareholders in recent years. .
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PR Manager - Investment Banking
London | Financial Services | 50000 - 65000 | Permanent. * At the heart of the business, the Press Relations Manager designs and implement strategies in order to build the profile ofthe Investment bankingproducts - services, people, ...

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...

Opinion: ARS fiasco shows little has changed on Wall Street
An article on Bloomberg today claims that some investment banks were touting the virtues of auction-rate securities to potential buyers while simultaneously telling issuers of the securities that the ARS market was in danger of failing...

Moodys to cut Morgan Stanley credit rating on risk management fears
(Reuters)EUR”Moodys Investors Service warned on Friday it is likely to cut its credit ratings on Morgan Stanley, saying the US...

My Last Day (Plus: Weekly Reader Q&A: Middle East Banking, Types .
Do the Investment Banking, Sales & Trading, Equity Capital Market, Debt Capital Markets, Research, and Private Equity divisions of a BB have their own recruiting teams at each school, or do they have a collective team that evaluates ...

Fed Reviews Bank Investment Rules to Channel Capital to Lenders - Bloomberg

RTT News

Fed Reviews Bank Investment Rules to Channel Capital to Lenders
Bloomberg - 20 hours ago
``The biggest ingredient that is missing in the banking system is capital,'' said David Kotok, chairman and chief investment officer of Cumberland Advisors .
Fed Reserve sees hope for banks in private equity The Australian
The current crisis: The Fed cozies up to private equity The Daily Deal (subscription)
Fed Move Would Ease Investing in Banks Washington Post
Reuters - Wall Street Journal
all 120 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 may cut 10% of investment-bank staff MarketWatch
Citigroup set to slash 10 percent of investment banking jobs Bizjournals.com
Citigroup to Cut 10% of Investment Banking Jobs Wall Street Journal
Hürriyet - Reuters
all 530 news articles
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UniCredit plans investment banking push in eastern Europe (eFinancial News)
UniCredit is targeting central and eastern Europe to drive growth in its markets and investment banking division over the next couple of years, as the bank accelerates the integration of businesses to create what it describes as a European regional specialist...

SEC, Fed not creating new investment bank rules: Cox - Reuters

Reuters

SEC, Fed not creating new investment bank rules: Cox
Reuters - 3 hours ago
The Fed and the SEC have been developing a formal agreement to share information about investment banks. But the chairman of the Senate Banking Committee, .
Dodd, Shelby to Press Fed, SEC for Details on Sharing Deal Wall Street Journal
Dodd, Shelby Warn Fed, SEC on Rushing Securities Deal (Update3) Bloomberg
Not so fast, senators tell Fed, SEC on bank pact Reuters.fr
Reuters
all 25 news articles
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Canada urged to ease foreign ownership, investment rules (AFP via Yahoo! News)
Canada must reduce barriers to foreign investment in its airline, uranium mining, banking, broadcasting and telecommunications sectors to be more competitive, a report said Thursday...

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...

UBS to expand investment banking unit
25 June 2008 Swiss banking giant UBS is expanding its investment banking division in the Middle East by relocating six bankers to Dubai. Enrique Febrer-Bowen, Managing Director at Equity Capital Markets; Matthew Odgers, ...

TEAM LEADER, PERFORMANCE MANAGEMENT, CORPORATE & INVESTMENT BANKING
Title: TEAM LEADER, PERFORMANCE MANAGEMENT, CORPORATE & INVESTMENT BANKING; Company name: AMBITION; Qualification: University / College; Experience: 7 years; Work Location: Hong Kong; Date: 27 Jun 2008...

Canada recruiter sees more investment banking cuts (Reuters via Yahoo! News)
There are more investment and corporate banking layoffs to come at Canadian bank-owned dealers and boutique firms, a recruiter predicted on Friday, as credit markets in particular suffer from lackluster demand...

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...

Bank of Montreal Reduces Investment-Banking Jobs in Downturn (Bloomberg.com)
June 27 (Bloomberg) -- Bank of Montreal , Canada's fourth- biggest bank, is trimming investment-banking jobs because of the recent decline in the credit markets, spokesman Ralph Marranca said...



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