Top Investment Banking News for 07/22/2008



BofA investment banking result lifts market (Financial Times)
Bank of America further boosted investor sentiment in the US banking sector on Monday, posting better-than-expected second-quarter results including a strong performance in investment banking...

Goodwill charge batters Wachovia's quarterly results
(Reuters)EUR”Wachovia on Tuesday posted an $8.86 billion second-quarter loss, slashed its dividend, and announced 6350 job cuts after losses tied to mortgages soared...

Goldman executive to help Paulson with economy - International Herald Tribune

Wall Street Journal

Goldman executive to help Paulson with economy
International Herald Tribune, France - Jul 21, 2008
Wilson, a vice chairman of investment banking and chairman of Goldman's financial institutions business, has played a key role advising banks on capital .
How Goldman Sachs took over the world Independent
Goldman Sachs goes to Washington. . . again BloggingStocks
Ken Wilson: The Goldman Sachs Man Behind Your Bailouts Wall Street Journal Blogs
TheStreet.com
all 57 news articles
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BofA investment banking result lifts market
Bank of America further boosted investor sentiment in the US banking sector on Monday, posting better-than-expected second-quarter results including a strong performance in investment banking...

Investment Banking Leader at Citigroup Is Leaving
Citigroup€„˘s investment banking chairman, Michael Klein, will leave the bank, extending a management shake-up after Vikram S. Pandit€„˘s appointment as chief executive in December. Go to Full Article...

Fed, comptroller examining books of Fannie and Freddie: report
(Reuters)EUR”The Fed and the comptrollers office began combing the books of the two largest US...

"Global Credit Crisis: Where Do Banks Go From Here?" -- Perspectives from Ernst & Young's Head of Banking and Capital . (PRWeb)
At a time when many global banks are reviewing the effectiveness of their risk management practices, Ernst & Young's Banking & Capital Markets Head Bill Schlich offers his perspective on the importance of continued investment in this area. (PRWeb Jul 21, 2008) Read the full story at http://www.prweb.com/releases/ernstyoung/schlich_credit_crisis/prweb1119184.htm..

Firesteel and Blacksteel engage investment bank for $30 million IPO - Canada NewsWire (press release)

Firesteel and Blacksteel engage investment bank for $30 million IPO
Canada NewsWire (press release), Canada - 58 minutes ago
Under terms of this Agreement the Investment Bank will arrange for these Securities to be purchased by a newly formed publicly traded company ("Pubco"). .
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Investment Banking Job
Keywords: investment banking job banking job board career in banking banking job openings accounting job board finance career insurance career accounting careers finance employment investment banking Added: Mon, 21 Jul 2008 11:16:49 GMT ...

BofA bucks investment banking profit falls (eFinancial News)
Bank of America became the first US financial institution to report a year-on-year rise in its investment banking profits for the second quarter after slashing costs in the division, which has shed thousands of staff since the onset of the credit crunch last year...

5 Ways To Boost Your Recruiting Chances In A Tough Hiring Market
EURśIma rising senior looking at investment banking recruiting in the fall. However, the market is really tough right now, there have been a lot of layoffs, bonuses were down 30%, and it seems like a lot of the bigger banks may not be ...

A-Rod Gone! - The Spoof (satire)

BBC News

A-Rod Gone!
The Spoof (satire), UK - 22 hours ago
In a deal completed late today, JP Morgan announced it has traded Bear Stearns, the investment banking switch hitter, recently named in the Wall Street .
JP Morgan Chase & Co - America's biggest bank by market value . FinFacts Ireland
Morgan Reports a Drop of 53% in Quarterly Net New York Times
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
CNNMoney.com - Bloomberg
all 529 news articles
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Wachovia Details 2nd Quarter Loss; Outlines Initiatives to . - Earthtimes (press release)

Wachovia Details 2nd Quarter Loss; Outlines Initiatives to .
Earthtimes (press release), UK - 4 hours ago
A 6 percent decline in noninterest expense primarily due to lower variable compensation and reduced headcount in investment banking. .
/FIRST ADD -- CLTU045 -- SunTrust Banks, Inc./ PR Newswire (press release)
Cambridge Bancorp Reports Solid Second Quarter Results MarketWatch
/SECOND AND FINAL ADD -- CLTU045 -- SunTrust Banks, Inc./ PR Newswire (press release)
Earthtimes (press release) - PR Newswire (press release)
all 1,117 news articles
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CapStreet Group Announces Investment in Trinity Steel Fabricators (Centre Daily Times)
The CapStreet Group, LLC (www.capstreet.com), a Houston-based private equity firm, announced today that it has completed its recapitalization investment in Trinity Steel Fabricators, Inc. GulfStar Group, an investment banking firm also based in Houston, advised Trinity Steel and is an investor in the recapitalized company. Roy and Randy Karnes, the former major shareholders in Trinity Steel, ...

Goldman banker to advise Paulson on U.S. banking crisis (The Globe and Mail)
NEW YORK EUR” Senior Goldman Sachs Group Inc. investment banker Kendrick Wilson will take a leave of absence to advise Treasury Secretary Henry Paulson on the nation's banking crisis, people familiar with the matter said Monday...

Firesteel and Blacksteel engage investment bank for $30 million IPO (CNW Group via Yahoo! Finance)
Mr. Walter Wakula, President and CEO of Firesteel Resources Inc. , and Chairman of the Board of Blacksteel Oil Sands Inc. is pleased to announce that the Company and Blacksteel have entered into a agreement with an investment banking firm to use its best efforts to raise $30 million as part of a potential transaction to acquire all of the issued and outstanding common shares, warrants and ...

Banking Leader at Citigroup Is Leaving - New York Times

Earthtimes (press release)

Banking Leader at Citigroup Is Leaving
New York Times, United States - 11 hours ago
By BLOOMBERG NEWS Citigroups investment banking chairman, Michael Klein, will leave the bank, extending a management shake-up after Vikram S. Pandits .
Citigroup Says Senior Banker Michael Klein to Leave (Update2) Bloomberg
Michael Klein quits Citigroup as Vikram Pandit restructures Times Online
Senior Citi Banker Makes His Exit New York Times Blogs
100 Mortgages - Times Online
all 67 news articles
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Citigroup ex banking head Klein to leave (Reuters via Yahoo! News)
Citigroup Inc said on Monday that Michael Klein, a former head of investment banking, is leaving, in the latest management shakeup under Chief Executive Vikram Pandit...

Bank sues Bove over 'Who is Next?' list
(Reuters)EUR”Richard Bove, a prominent US banking analyst, was sued Monday by BankAtlantic Bancorp, which accused him of defamation and negligence over a recently published research report, the bank said...

More on BoAs good news on investment banking; Citi names former .
More on Bank of America's good news on investment banking. Article > More on Bank of America's earnings. Article > More on Icahn joining Yahoo board. Article > Goldman Sachs and the pedestal effect. Article ...

Emirates NBD secures Saudi licence to launch investment banking - GulfNews

Emirates NBD secures Saudi licence to launch investment banking
GulfNews, United Arab Emirates - 4 hours ago
By Babu Das Augustine, Banking Editor Dubai:Emirates NBD, the largest regional bank by assets, is planning to start investment banking operations in Saudi .
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Wachovia's Lonely Leader And Its Losses - DealBreaker.Com

BBC News

Wachovia's Lonely Leader And Its Losses
DealBreaker.Com, NY - 1 hour ago
Steel has no commercial banking experience but a lot of experience in investment banking, which could mean he has essentially been hired as an in-house .
Wachovia Has Record $8.9 Billion Loss, Cuts Dividend (Update3) Bloomberg
Wachovia swings to loss on write-down, cuts div MarketWatch
Wachovia reports huge loss, will cut 10750 jobs Charlotte Observer
Times Online - guardian.co.uk
all 567 news articles
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KeyCorp Reports Second Quarter 2008 Results - MarketWatch

KeyCorp Reports Second Quarter 2008 Results
MarketWatch - 4 hours ago
Income from investment banking and capital markets activities rose by $28 million, trust and investment services income was up $23 million, and income from .
SunTrust Reports Second Quarter Earnings of $1.53 Per Share Earthtimes (press release)
KeyCorp Reports Second Quarter 2008 Results Biloxi Sun Herald
Wilshire Bancorp Posts Net Income of $7.4 Million, or $0.25 Per . MarketWatch
MarketWatch
all 78 news articles
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Investment Banking Leader at Citigroup Is Leaving (New York Times)
Citigroup?s investment banking chairman, Michael Klein, will leave the bank, extending a management shake-up after Vikram S. Pandit?s appointment as chief executive in December...

Financial News: BofA Bucks Investment Banking Profit Declines - CNNMoney.com

Ottawa Citizen

Financial News: BofA Bucks Investment Banking Profit Declines
CNNMoney.com - Jul 21, 2008
Bank of America (BAC) became the first US financial institution to report a year-on-year rise in its investment banking profits for the second quarter after .
Bank of America profit falls 41% GulfNews
Full Details | BofA's earnings press release Charlotte Observer
Bank of America Briefing.com
guardian.co.uk
all 610 news articles
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(AFX UK Focus) 2008-07-21 16:08 Evercore Partners enters Europe via Pan-Asset Capital Management investment (Interactive Investor)
LONDON (Thomson Financial) - Evercore Partners Inc., the US-listed banking boutique and investment firm, has acquired a 50 percent stake in Pan-Asset Capital Management Limited, the London-based asset manager announced today. It is Evercore's first move into investment management in Europe...

Bank of America result lifts market - FT Alphaville

Bank of America result lifts market
FT Alphaville, UK - 10 hours ago
The results came nine months after Ken Lewis, BofA chief executive, declared he had endured EURśall the fun he could handleEURť in investment banking following .
Strong BofA results lift sector Financial Times
all 4 news articles
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Pre Sales 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 ...

I-banking fees dip 37.8% in India (Business Standard India)
Investment bankers are seeing their pockets shrink by a huge margin amid a deepening cash crunch and downturn in the equity markets. According to data from Thomson Reuters, investment banking fees in India have declined 37.8 per cent on year-on-year basis...

Wachovia's Lonely Leader And Its Losses
Steel has no commercial banking experience but a lot of experience in investment banking, which could mean he has essentially been hired as an in-house investment banker to arrange a deal for the company. ...



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