Top Investment Banking News for 08/01/2009



Wells Fargo Shows New Passion for Investment Banking - Bloomberg

Daily Report (registration)
Wells Fargo Shows New Passion for Investment Banking
Bloomberg
s $12.7 billion purchase of Wachovia Corp., meant to bolster deposits and mortgage operations, has deepened the company's commitment to investment banking .
Wachovia acquisition boosts investment banking at Wells FargoSmartBrief

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Citigroup recommends investment in Mexican oil giant (Oil Online)
Banking giant Citigroup recommends investment in Mexican state-run oil company Petroleos Mexicanos (Pemex) via its dollar-denominated bonds. The firm urged investors to "hold" the bonds, reversing a previous recommendation to sell, Mexican media reported on Monday...

Investment Banking Hums, But Loan Losses Grow - DealBook Blog .
Bank of America, JPMorgan Chase and Citigroup reported a total of $10.2 billion in profits for the quarter that relied on investment banking and asset sales to counter losses on consumer loans...

Wells Fargo Shows New Passion for Investment Banking (Update1) (Bloomberg)
July 29 (Bloomberg) -- Wells Fargo & Co.s $12.7 billion purchase of Wachovia Corp., meant to bolster deposits and mortgage operations, has deepened the companys commitment to investment banking as corporate stock and bond sales surge...

MOVES-Credit Suisse, Bank of America Merrill Lynch - Reuters

Inner City Press
MOVES-Credit Suisse, Bank of America Merrill Lynch
Reuters
The banking firm hired Andrew van der Vord as a Vice Chairman of Consumer in the Americas within the Investment Banking department, according to an internal .
Bank of America Merrill Lynch Builds Canada Corporate Banking Team .PR Newswire (press release) (press release)
Bank of America, Moving to Close 600 Branches, Blames Merrill .Inner City Press
Bank of America Merrill Lynch Moves UptownTraders Magazine
FinanceAsia -New York Times Blogs
all 58 news articles »
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Finance: The Global Casino Has Reopened - BusinessWeek

Wall Street Pit
Finance: The Global Casino Has Reopened
BusinessWeek
"What we will see is five to six formidable global players in investment banking," the normally reserved banker told the British trade publication Euromoney .
International banks exploit the crisis to reap massive profitsCenter for Research on Globalization

all 23 news articles »
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Penny Stocks Investing: What is Investment Banking? | Free Stock .
What is Investment Banking? | Free Stock Picks, Swing Trading . General Business Education - What is Investment Banking? Investment bankers work with corporations, governments, institutional investors and high-net. ...

Maxim Group LLC Appoints David J. Strupp, Managing Director, Healthcare Investment Banking (PR Newswire via Yahoo! Finance)
Maxim Group LLC, a leading full service investment banking, securities and wealth management firm announced the appointment of David J. Strupp, as a managing director in the Healthcare Investment Banking Group...

U.K. Lawmakers Say Banks 'Too Big to Fail' Are Too Big - Wall Street Journal

This is Money
U.K. Lawmakers Say Banks 'Too Big to Fail' Are Too Big
Wall Street Journal
At Barclays and elsewhere, gains in investment banking are driven by some of the most fundamental businesses that banks offer: bringing together buyers and .
Regulators must forcibly cut big banks down to size, MPs demandDaily Mail
Bank reform 'toothless and muddled' say mpsTimes Online
Banking reforms EURcosmeticEUR, say mpsMoney Marketing
CITY A.M. -MyFinances.co.uk
all 141 news articles »
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STREET MOVES: Credit Suisse Hires JPMorgan Investment Banker (Nasdaq)
NEW YORK -(Dow Jones)- Credit Suisse Group. (CS) has hired Andrew van der Vord from JPMorgan Chase & Co. (JPM) as vice chairman of consumer in the Americas within its investment banking division...

FBR Capital Markets Acquires Watch Hill Partners and Announces Investment Banking Leadership Team (PR Newswire via Yahoo! Finance)
FBR Capital Markets Corporation , a leading investment bank serving the middle market, announced today that it has entered into a definitive agreement to acquire Watch Hill Partners LLC, a boutique corporate finance advisory practice based in New York...

FBR Buying Watch Hill Partners | peHUB
The senior partners of Watch Hill Partners have nearly 200 years of combined investment banking experience and have, in aggregate, advised on transactions valued at more than $100 billion. "FBR Capital Markets has evolved significantly ...

UPDATE 1-JPMorgan taps Gong to lead China investment banking .
Gong expected to tap more corporate clients in China (Adds Gong's background, details and competitions)..

BMO Harris Private Banking Receives Regulatory Approval for Changes to select BMO Harris Private Portfolios (CNW Group via Yahoo! Finance)
BMO Harris Investment Management Inc. , the investment management arm of BMO Harris Private Banking, today announced that it has received regulatory approval to proceed with the proposed changes announced on June 24, 2009 to the BMO Harris Opportunity Bond Portfolio and the BMO Harris Income Opportunity Bond Portfolio, as part of an approach to refocus select investment strategies on BMO Harris' ...

Firedoglake Pecora in Perspective: Investment Banking .
15 Responses to EURPecora in Perspective: Investment Banking, Commercial Banking, and Glass-SteagallEUR. KellyCDenver July 22nd, 2009 at 7:38 pm. 1. Look, the whole mess of unwinding Glass-Steagall arose as a CURE for the illegal ...

Life's Happenings: Investment Banking Explained
Investment Banking Explained. Young Chuck moved to Texas and bought a donkey from a farmer for $100. The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said, "Sorry Chuck, but I have some bad news ...

Nine Top Investment Banks Paid $32.6B in Bonuses Despite Accepting . - TransWorldNews (press release)

ABC News
Nine Top Investment Banks Paid $32.6B in Bonuses Despite Accepting .
TransWorldNews (press release)
. per employee at Morgan Stanley, $61017 at Merrill Lynch and $38642 at JPMorgan Chase & Co., which operates large retail and investment banking units. .
Bailed out banks' $40b bonus splurgeABC Online
The Government's Fight To Make Rich Bankers Poor24/7 Wall St.
New York Needs Bonuses!Huffington Post
The New American
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Barclays May Say Profit Rose on Investment Banking - Bloomberg

Daily Mail
Barclays May Say Profit Rose on Investment Banking
Bloomberg
Profit from investment banking may have doubled to 2 billion pounds. The bank reports earnings at 7 am London time Aug. 3. Barclays is expanding its .
PREVIEW-Bad loans to hit UK banks, Lloyds set for H1 lossReuters
Barclays bank set to unveil profits increaseFinancialAdvice.co.uk
The week ahead.Interactive Investor
Director of Finance online -Daily Mail -eFinancialCareers Scotland
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Nomura Posts Profit on Trading, Investment Banking (Update3) (Bloomberg)
July 29 (Bloomberg) -- Nomura Holdings Inc. , Japans largest brokerage, posted its first quarterly profit since 2007 as a stock market revival boosted trading and investment banking...

STREET MOVES: Credit Suisse Hires JPMorgan Investment Banker - Wall Street Journal

STREET MOVES: Credit Suisse Hires JPMorgan Investment Banker
Wall Street Journal
(JPM) as vice chairman of consumer in the Americas within its investment banking division. According to an internal memo reviewed by Dow Jones Newswires, .
Credit Suisse Hires Andrew Van der Vord for Consumer CompaniesBloomberg

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BNP Paribas Corporate and Investment Banking Strengthens Its Fixed Income Business in New York (Marketwire)
NEW YORK, NY--(Marketwire - July 29, 2009) - BNP Paribas Corporate and Investment Banking is pleased to announce two senior appointments within its fixed income business. First is the appointment of Patti Carlo as Managing Director covering mortgage institutions and banks for mortgage and interest rate derivatives. Second is the appointment of Sherif Elias as a Director in US interest rate ...

Wells Fargo Warms Up To Investment Banking - Banking Business Review

Wells Fargo Warms Up To Investment Banking
Banking Business Review
Earlier this month, the Wachovia Securities, which includes the acquired investment banking and capital markets divisions, was re-branded as Wells Fargo .

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Jeff Urwin, Bear Stearns' One-Time Investment Banking Guru, Chops .
Even though it took Alex Reyfman, the former head of credit derivatives research for Bear Stearns, four price cuts before he finally sold his Upper West Side co-op, he ended up getting only $540000 less than his first asking price...

(AFX UK Focus) 2009-07-31 12:08 MOVES-JP Morgan, Societe Generale Corporate & Investment (Interactive Investor)
July 31 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, e-mail moves@thomsonreuters.com. JP Morgan The investment banking arm of JPMorgan Chase & Co named Frank Gong as vice-chairman of China Investment Banking and chairman of China Diversified Industry Clients. Societe Generale Corporate & Investment Banking Adam ...

Capital IQ Power Moves FBR Capital Markets Announces Investment .
FBR Capital Markets Corporation (FBR Capital Markets), announced a reorganization of its investment banking department, which will be comprised of three primary practice areas. To complement its existing industry-focused team, ...

BANKRUPTCY WEEK AHEAD: Lehman Seeks To Shore Up Its Bank Unit - Wall Street Journal

BANKRUPTCY WEEK AHEAD: Lehman Seeks To Shore Up Its Bank Unit
Wall Street Journal
The investment bank says Aurora needs the cash to meet $550 million in deposit obligations that start coming due in August or Aurora could be seized by .

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Bank Of America Plans Wholly-Owned China Unit -Sources - CNNMoney.com

Reuters
Bank Of America Plans Wholly-Owned China Unit -Sources
CNNMoney.com
The bank, which owns Merrill Lynch, will use this China -incorporated unit to focus on corporate lending and investment banking activities, one person said. .
Bank of America plans China subsidiary: sourcesReuters
Bank of America looks to expand in ChinaDaily Finance
Bank of America reportedly planning China subsidiaryMarketWatch
Reuters -Reuters
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Penny Stocks Investing: Penny Stocks Investing: What is Investment .
General Business Education - What is Investment Banking? Investment bankers work with corporations, governments, institutional investors and high-net.Stock market news by admin .Stock market news by Max ...

Barclays May Say Profit Rose on Investment Banking - The Wall .
By Kevin Crowley, Bloomberg, July 31, 2009 Barclays Plc, the UK's second- biggest bank, may say first-half profit rose 28 percent, led by fees from arranging corporate debt sales and a one-time gain from exchanging its own bonds...

Barclays May Say Profit Rose on Investment Banking (Update2) (Bloomberg)
July 31 (Bloomberg) -- Barclays Plc , the U.K.s second- biggest bank, may say first-half profit rose 28 percent, led by fees from arranging corporate debt sales and a one-time gain from exchanging its own bonds...



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