Top Investment Banking News for 08/09/2008



Here comes the credit crackdown - Independent

Washington Post

Here comes the credit crackdown
Independent, UK - Aug 7, 2008
When the dust settles EUR and we are still stumbling blindly through clouds of the stuff at the moment EUR the investment banking industry is going to emerge .
Financial group suggests reforms for banking industry guardian.co.uk
Warning: toxic debt can damage your wealth guardian.co.uk
all 44 news articles
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Losses at Dresdner Kleinwort, the investment banking arm of German insurer Allianz, deepened in the second quarter on . (eFinancial News)
Losses at Dresdner Kleinwort, the investment banking arm of German insurer Allianz, deepened in the second quarter on the back of a ‚¬627m ($970m) trading hit, which comes ahead of the separation of the business from Dresdner Bank and a possible sale...

FBR Capital Markets strengthens investment banking team (Banking Business Review)
FBR Capital Markets has appointed John Voie, Jorge Solares-Parkhurst and Brian Thom as new managing directors within its investment banking division...

SEC probe of Countrywide targeting Mozilo's trades, bank's .
(Reuters)EUR”The formal US...

HSBC eyes China investment banking joint venture - Reuters UK

StarPhoenix

HSBC eyes China investment banking joint venture
Reuters UK, UK - Aug 4, 2008
HK: Quote, Profile, Research) hopes to strike an investment banking partnership in China that would allow it to underwrite domestic share offerings, .
SocGen defends bruised universal bank model Reuters
HSBC eyes China investment banking JV Reuters UK
HSBC denies new deadline for $6.3 billion KEB deal Reuters
Reuters - Reuters
all 363 news articles
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Merrills Co-Head of Investment Banking to Leave (New York Times)
Merrill Lynch said that Dow Kim, executive vice president and co-president of its global markets and investment banking group, will leave this year to start his own investment firm. Merrill said it expects to be a client of Mr. Kims new firm...

Investment banking takes another hit - France24

ABC News

Investment banking takes another hit
France24, France - 20 hours ago
But in the wake of the subprime mess its yet another blow to the reputation of investment banks, who may struggle to sell such sure-fire deals in future.
Video: Citi to pay $7B to investors ReutersVideo
UBS Announces Comprehensive Settlement, in Principle, for All . MarketWatch
UBS settles with US regulators on failed auction-rate securities International Herald Tribune
Wall Street Journal - Financial News
all 559 news articles
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EXCLUSIVE: Veteran Bank Merger Specialist May Join Merrill - TheStreet.com

EXCLUSIVE: Veteran Bank Merger Specialist May Join Merrill
TheStreet.com - 12 hours ago
While Barrett is cagey about whether he is looking to return to investment banking, he tells TheStreet.com he and his partners are abandoning their private .
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KBC Profit Falls on Corporate, Investment Banking (Update1) (Bloomberg.com)
Aug. 7 (Bloomberg) -- KBC Group NV , Belgium's second-biggest financial-services company by assets, said second-quarter profit declined 47 percent as earnings at its corporate and investment- banking business dropped...

John Gisborne, vice-chairmain of the credit products group at TD securities, the investment banking arm of . (eFinancial News)
John Gisborne, vice-chairmain of the credit products group at TD securities, the investment banking arm of Toronto-Dominion Bank, has resigned, Financial News has learnt...

The End of the Masters of the Universe? (Washington Post)
A mid the turmoil and confusion on Wall Street these days, one serious message is coming through loud and clear: Investment banking is dying...

HPTi Earns CMMI Level 3 Certification
RESTON, Va., Aug. 8 /PRNewswire/ -- HPTi's Secure Software Solutions (S3) Practice has been assessed at Capability Maturity Model Integration (CMMI(R)) Maturity Level 3. The CMMI is an industry best-practices model for project and ...

Dresdner sale proves problematic for Allianz - International Herald Tribune

BBC News

Dresdner sale proves problematic for Allianz
International Herald Tribune, France - Aug 7, 2008
Dibbern said an alliance with a Chinese state bank would not work for political reasons, unless it was a sale of the investment banking unit, .
Credit crunch tears into Europe's top insurers Times Online
Allianz Scraps Forecast as Dresdner Erodes Earnings (Update3) Bloomberg
UPDATE 1-Fresh losses rock chances for Dresdner sale Reuters
RGE Monitor - Bloomberg
all 156 news articles
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Pre-tax profits at Barclays Capital plunged two-thirds in the first half of the year as the investment banking arm of . (eFinancial News)
Pre-tax profits at Barclays Capital plunged two-thirds in the first half of the year as the investment banking arm of Barclays followed UK rival HSBC in incurring 2bn (‚¬2.5bn) of net writedowns and losses related to the financial market turmoil...

SocGen profit drops 63% as investment banking unit swings to loss (Market Watch)
French bank Societe Generale reports a 63% drop in second-quarter net profit as write-downs push its investment-banking arm into the red, though the results are still ahead of the consensus forecast...

BNP Paribas Gains on Investment-Banking Unit Profit (Update2) - Bloomberg

BBC News

BNP Paribas Gains on Investment-Banking Unit Profit (Update2)
Bloomberg - Aug 6, 2008
Earnings before tax at the investment-banking division declined to 523 million euros ($810 million), the Paris-based bank said today, beating the 285 .
BNP Paribas Q2 profit falls on lower Corporate and Investment . RTT News
BNP second quarter net profit drops 34 percent International Herald Tribune
Dresdner Bank's past purchases provide lesson for future suitors Wall Street Journal
MarketWatch - Bloomberg
all 253 news articles
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The End of the Masters of the Universe? - Washington Post

The End of the Masters of the Universe?
Washington Post, United States - 5 hours ago
By William Cohan A mid the turmoil and confusion on Wall Street these days, one serious message is coming through loud and clear: Investment banking is .
You Can't Control Animal Spirits Wall Street Journal
all 23 news articles
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TAX ANALYST, INVESTMENT BANKING, BASED IN HONG KONG
Title: TAX ANALYST, INVESTMENT BANKING, BASED IN HONG KONG; Company name: AMBITION; Qualification: University / College; Experience: 4 years; Work Location: Hong Kong; Date: 08 Aug 2008...

Income at Barclays declines less than analysts expected - International Herald Tribune

ITV.com

Income at Barclays declines less than analysts expected
International Herald Tribune, France - Aug 7, 2008
Barclays Capital, the investment banking arm of Barclays, reported first-half pretax profit of 524 million, down 69 percent from a year earlier. .
Barclays profit drops 35%, holds dividend steady MarketWatch
Barclays first-half profit falls on charges, further write-downs . RTT News
Barclays takes another 1b credit crunch hit Tehran Times
Scotsman - Reuters UK
all 356 news articles
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Investment Banking- Fixed Income- Credit & Interest Rate .
Investment Banking- Fixed Income- Credit & Interest Rate Derivatives- Settlements Manager...

Why the Investment Banking Model is Dead (CNBC via Yahoo! Finance)
The investment banking model that contributed to the subprime crisis is dead and investors will now refuse to buy products where the risk is not transparent, strategists told CNBC Europe Tuesday...

UBS settles charges, will buy back $19.4 billion in ARS debt
(Reuters)EUR”Swiss bank UBS AG has agreed to buy back $19...

Goldman Sachs #1 Banking Firm for Ninth Straight Year, says Vault - MarketWatch

Goldman Sachs #1 Banking Firm for Ninth Straight Year, says Vault
MarketWatch - Aug 7, 2008
JP Morgan Investment Bank. New York, NY 6. Merrill Lynch New York, NY 7. Lazard New York, NY 8. Credit Suisse's Investment Banking Business New York, NY 9. .
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HSBC eyes China investment banking JV - Reuters UK
stv.tv HSBC eyes China investment banking JVReuters UK,UK- Aug 5, 2008HK: Quote, Profile, Research) hopes to strike an investment banking partnership...

RBS's investment bank takes hit, income resilient - Reuters

Thanh Nien Daily

RBS's investment bank takes hit, income resilient
Reuters - 15 hours ago
By Olesya Dmitracova LONDON, Aug 8 (Reuters) - A near 6 billion pound ($11.6 billion) hit on credit assets in its investment bank dragged Royal Bank of .
Barclays says big investment bank deal unlikely Reuters
SocGen investment bank beats view despite scandal Reuters
WRAPUP 1-Writedowns dent more bank profits, markets tough Reuters
Reuters - Reuters
all 1,295 news articles
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AVP, Marketing Communications, Investment Banking
Title: AVP, Marketing Communications, Investment Banking; Company name: BRS Limited; Qualification: University / College; Experience: 7 years; Work Location: Hong Kong; Date: 09 Aug 2008...

Whats left for banks to sell? Asset management units the next to go
Banks may look to sell their asset management businesses to raise capital as they struggle to overcome the damage to their balance sheets inflicted by unsound credit investments, according to a report by Jefferies Putnam Lovell...

Second-quarter bank earnings decline amid economic slowdown
It comes as no surprise that bank earnings slumped in the second quarter, and analysts expect the pain to continue into next year...

Moelis & Co, the mergers and acquisitions advisory firm founded by UBS's ex-president of investment banking in the US, . (eFinancial News)
Moelis & Co, the mergers and acquisitions advisory firm founded by UBS's ex-president of investment banking in the US, has added a partner from hedge fund manager Fortress Investment Group, bringing staff numbers to 130 a year after its launch...

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